Laffer Tengler Investments Chief Investment Officer Nancy Tengler in The Bond Buyer

No V, U or W, it’s a stair step recovery as coronavirus still a major risk

While it is clear the economy is improving, although the reopening is not going as well as thought, the recovery is likely to be a stair step one rather than V-, U- or W-shaped, analysts say.
“Whether it is a V-shaped recovery or any of the alphabet soup predictions, the economy is improving,” said Nancy Tengler, chief investment officer, Laffer Tengler Investments. “We are sticking with our stair step recovery theme, as the economy is reopening around the country, Some states opened and are now partially closing again, reinforcing our expectation of a stair step recovery.”
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