“This type of move has precedent,” he wrote. “Many of histories [sic] great crashes have exhibited head-fake rallies that offered investors a false sense of hope that proved to be fleeting.”
But as Simon Lambert writes in This is money, “just as markets can get ahead of themselves as investors chase what they think might be the green shoots of recovery only for a frost to come in.”
ABC News: US unemployment at historic levels, with 20.5 million jobs lost in April due to coronavirus
MarketWatch: Is this a dead-cat bounce or the bottom investors have been waiting for? Good luck coming up with an answer
31st May 2024
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