The disconnect between the stock market message of glad tidings to capitalists and the economy’s slump into the worst performance since the Great Depression is unmissable. Are investors making a horrible mistake? In zoological terms, is the 34% rebound since the low of March 23 the start of a new bull market or merely a dead cat bounce we will all forget when the bear returns?

Source: Wall Street Journal April 30, 2020 12:22 UTC