Is the stock market pricing in a V‑shaped recovery?
No 2020-17, Staff Analytical Notes from Bank of Canada
Major stock indexes have bounced back from their March 23 trough to about 10 percent below their peaks. However, stocks that are more sensitive to the business cycle have not performed as well during this market rally. This suggests that stock markets are pricing in a slower, shallower economic recovery.
Keywords: Asset pricing; Financial markets (search for similar items in EconPapers)
JEL-codes: E E4 E44 G G1 G12 G14 (search for similar items in EconPapers)
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