In the post-financial crisis aftermath, Achuthan highlights the recovery didn't hit any serious soft patches like it did coming out of the 2001 recession.
"We find a very, very different story. From a cyclical perspective, what happened is the recession ended a few months after the 9/11 attacks," he said. "It [the market] went up 20% in about three months. But by January '02, it starts to rollover, and that was very consistent the fresh deceleration in growth."
At this juncture, Achuthan warns headline risks ranging from a second coronavirus wave to civil unrest could push the recovery more toward the post-dot-com bubble path. "It could be a disappointing recovery for a whole host of reasons," he added. "The leading indicators will tell us which way in the fork in the road we're going."is up almost 43%. The index is now less than 10% from its all-time high hit on Feb. 19."When we look at the kind of recovery that is in front of us, I think we can't bank on it just accelerating. There may be fits and starts," added Achuthan.
TradingNation Smoke and mirrors. Businesses are filing for chapter 11 like there’s no tomorrow, there’s riots everywhere and the DOW heading for 30k. Drill baby drill!
TradingNation Too bad the Democrat inspired riots have just killed any nascent recovery.
TradingNation Recovery? We’ve seen nothing yet.
TradingNation How can I delete u
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