TBT - Should Investors Spend More Time Considering The Upside Risks?

• Not only has the PMI across the worldwide manufacturing sector enjoyed a literal "V-shaped" recovery, but it has achieved levels of optimism higher than those immediately preceding the lockdown.
• In North America, US retail sales have rebounded to a high-single digit pace unseen since the aftermath of the Great Recession and Global Financial Crisis of 2008-2009.
• I'm inclined to interpret the recent shakeout as a temporary risk-shedding event, and I continue to treat such short-term pullbacks as buying opportunities for stocks.

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