Thornburg’s Ted Chang in The Wall Street Journal

Stocks Keep Rallying, Despite Lack of Visibility on Economy

Investors say they are ‘flying in the dark’ as the dispersion of earnings estimates reaches its highest level since 2009

The coronavirus pandemic has upended expectations for corporate earnings and economic growth, so obscuring the outlook for financial markets that some investors say it is as if they are flying blind.

Read more here: https://www.wsj.com/articles/stocks-keep-rallying-despite-lack-of-visibility-on-economy-11588498201

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