The stock market could be facing ‘multiple decades’ of ‘deleterious’ economic after-effects, analyst warns
August 02, 2020 at 18:49 PM EDT
The stock market’s ability to shrug off the economic destruction and gloomy coronavirus headlines continues to enrich emboldened bulls and baffle even some of the savviest Wall Street pros. A big dose of reality, however, looms large, if Andrew Lapthorne, the global head of quantitative research at Societe Generale, has it right with his recent outlook.