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V-shape recovery awaits US economy, 2nd wave of COVID-19 is priced in - Business Insider

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'Economists make fortune-tellers look good': This investment manager thinks the US is on course for a V-shaped recovery as markets 'have already priced in' a 2nd wave of coronavirus

Renowned strategist Tom Lee nailed the market's 40% surge from its worst-ever crash. Here are 17 clobbered stocks he recommends for superior returns as the recovery gains steam."The fear level around a second wave of the coronavirus is most likely already priced into the markets. Therefore, if we end up seeing a second wave in the fall, like some experts are predicting, it will most likely be a non-event for stock prices," Payne said.

While analysts noted that stock markets don't care about protests, they said a second wave of coronavirus caused by protests or through any other triggers would send markets tumbling. Payne's view suggests that the US economy will bounce back even in the scenario of a surge in new cases.

 

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I thought there were a lot of jokes about 'Invisible Hand' by the economist, Adam Smith ROTFL

If the markets go up, would the second wave still be priced in?

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