Acting rationally: Why equity markets have recovered
Unearthing the reason for market heights
Kevin DiCiurcio of Vanguard
Since the remarkable equity market reversal in developed countries in late March, many clients have asked whether markets have become irrational.
Given the extreme uncertainty surrounding Covid-19, record unemployment, and eye-watering declines in second-quarter GDP, how can the markets have flirted with all-time highs? Possible answers range...
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