JCP - The Disparity Between The Economy And The Market Makes More Sense Than It Feels
Introduction
The COVID-19 pandemic has caused what many describe as the worst economic downturn since the Great Depression. Despite the grim economic outlook, the “market” is attempting a V-shaped recovery that is surprising to many. An analysis of the main indexes shows how, due to the nature of the crisis, this economy-market contrast makes more sense than what it feels.
A Grim Economic Outlook
The real damage on the economy is still unknown. A series of bankruptcies have already materialised, especially amongst retailers (e.g. ALDO Group, J.C. Penney (JCP) etc.) and airlines (