The Tale of Two Markets

The S&P500 Index has rallied 25+% from the Mar 2020 lows to the shock of many as the global economy was screeching to a dead stop. Have the central banks provided enough stimulus and backstops to get this global economic engine back on its track? For long-term investors, the 6 to 7% upside from here needs to be balanced with the potential of the 25% to 40% downside remaining.

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