How the COVID-19 Bailout Gave Wall Street a No-Lose Casino
May 14, 2020
In late April Marko Kolanovic, a financial analyst for JPMorgan Chase, wrote to clients with good news. Pandemic aside, investors should expect stock prices in S&P 500 companies to return to record numbers some time early next year!
"The S&P 500 should attain previous all-time highs," Kolanovic wrote, "if the monetary measures are sustained."