Everyone hates Covid-19 and the way it has disrupted our lives. The Covid pandemic has shut down the world and led to the layoff of millions of workers. Unemployment has soared, GDP has declined, and businesses have gone bankrupt. With winter arriving in the northern hemisphere, Covid cases are likely to increase. The main consolation is that a vaccine is on the way, and once it is available, life can hopefully return to the pre-pandemic “normal” which we all enjoyed.
The S&P 500 reached new highs last week causing some analysts to call this the fastest recovery from a bear market in history; however, this shows that many analysts are not looking at the whole picture -- since they are ignoring the recovery that followed the start of World War I in 1914.
