‘I opened The Times of India and the news appeared in red. Then I opened another paper, news there was in deeper red. After that I looked at the stock market screen and it was in bright green.’
This joke well sums up the economy and financial markets for April. Covid-19 has held most economic activity at ransom while stock markets are on a roll. Many participants are probably looking at a sharp recovery (called V-shaped in the financial jargon).
