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The clues are starting to pile up that the deepest phase of the economic loss for the US coronavirus recession has passed. There's still a long way to go to climb out of the hole, but data published to date suggest that the recovery process has started.
It's unclear how the rebound will unfold and how long it will take, but for the moment markets are focused on the shift in trend - from down to up. Yesterday's stock market rally (June 8) erased the year-to-date losses. A change in expectations is also showing