Right, April’s rally wasn’t due to “actually, everything is great now”, it was due to “whew, it looks like the most apocalyptic scenarios we were seeing in March aren’t likely, and there’s a limit to how bad it’s going to get”.
Right, April’s rally wasn’t due to “actually, everything is great now”, it was due to “whew, it looks like the most apocalyptic scenarios we were seeing in March aren’t likely, and there’s a limit to how bad it’s going to get”.