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"Humpty Dumpty sat on a wall, Humpty Dumpty had a great fall. All the king’s horses and all the king’s men, Couldn’t put Humpty together again."
In my last article, I called the idea that the US economy could quickly be put back together after what has happened since mid-February as the "Humpty Dumpty" recovery. Certainly, one explanation for the stock market rally since March has been that many market participants subscribe to this view. I provide a pandemic and economic update, along with an alternate explanation, and outline several ways things could go