Top Ten: Weekend reads: Where’s the stock market heading?
Investors are worried. The U.S. stock market’s dramatic recovery from the March lows has stalled. The market tends to be forward-looking, and the rapid recovery for share prices pointed to a quick end to the coronavirus recession.
A recession is usually defined as two consecutive quarters of shrinking gross domestic product. Second-quarter GDP is expected to be dismal, but then the U.S. COVID-19…