Reuters
- Ryan Payne, president of Payne Capital, told Busines Insider that the US would face a V-shaped recovery even if a second wave of COVID-19 persists.
- Key US states such as Arizona, California, and Florida saw rises in COVID-19 cases.
- Payne said markets had "already priced in" the impact of 2nd wave of coronavirus.
- Visit Business Insider's homepage for more stories.
The US is on course to face a V-shaped recovery, as markets have "already priced in" the risks of a second wave of coronavirus, an investment manager said.
Ryan Payne, president of Payne Capital Management, said: "If you look at the Jobs report of last week, it identifies how quickly the economy can come back online and secondly how dire the economists have been."
See the rest of the story at Business Insider
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See Also:
- 'A textbook recession-recovery trade': 3 Wall Street stock-strategy titans explain why the market's latest plunge is actually 'healthy' — and share their views for what's next
- Economists forecast that an additional 1.6 million Americans filed for unemployment last week
- Renowned strategist Tom Lee nailed the market's 40% surge from its worst-ever crash. Here are 17 clobbered stocks he recommends for superior returns as the recovery gains steam.
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