Goldman Sachs says the stock bottom could be in: “If the US does not experience a second surge in infections after the economy reopens, the ‘do whatever it takes’ stance of policymakers means the equity market is unlikely to make new lows.”
Past bear markets suggest that stocks bottom prior to economic data reaching a nadir, according to GS
We explored this topic with @fundstrat on The Scoop at the beginning of the month. He called out March 23 for being a significant day for markets and a possible bottom. S&P is up ~25% since then. https://www.theblockcrypto.com/post/60675/v-shape-recovery-is-likely-fundstrats-tom-lee">https://www.theblockcrypto.com/post/6067...