Just 17% of fund managers expect a rapid V-shaped economic recovery , according to a Bank of America survey released Tuesday. Worse, the Bank of America survey showed that 37% of fund managers expect a double-dip recession via a W-shaped recovery. Wall Street may have catapulted back to record highs at lightning speed, but there is no guarantee Main Street will. Just 9% of US CEOs anticipate a V-shaped recovery, according to a Conference Board survey released in late July. Those Main Street worries suggest the risk of a double-dip recession should not be waved away by the euphoria on Wall Street.

Source: CNN August 19, 2020 11:03 UTC