The stock market recovery in the US is uneven, with some sectors lagging behind

Theasianbankersg01 Oct, 2020Finance

As the US experiences its worst quarterly economic performance since the Great Depression, American stock market indices continue to hit new highs despite the signs of a deepening recession with rapidly rising unemployment caused by massive lockdowns in the preceding months as COVID-19 infection and death rates broke new records. Tech stock prices have been decoupled from indicators such as jobs and economic output. Stock prices point to an uneven K-shaped recovery where some parts of the economy may recover and grow faster than others.