The much vaunted "V" recovery is improbable. To simplify, a somewhat "W"-looking scenario is a higher probability. After such an abrupt and extraordinary collapse in economic activity, a decent bounce was virtually assured. Millions would be returning to work after temporary shutdowns to a substantial chunk of the U.S. services economy. There would be pent-up demand, especially for big ticket home and automobile purchases. A massive effort to develop vaccines would ensure promising headlines.
With incredible amounts of liquidity sloshing around, constructive data supporting the "V" premise were all the markets needed. The enormous scope