Sometimes a picture is worth a thousand question marks. Look at this graph of the U.S. coronavirus deaths in 5 different forecasts from a recent New York Times article discussing how scientists attempt to forecast the course of the coronavirus.
Critical Market Context for the Week Ahead – U.S. equities inched higher last week despite singularly dismal economic data coming in from all fronts. The S&P 500 closed just over 3% for the week on Friday, marking the biggest two-week rally since 1938.
Last week, U.S. equity markets posted double-digit gains following encouraging data showing that coronavirus infections may be peaking, as the rate of new cases appears to be slowing in multiple geographies.