Return To The Alphabet Lesson For the Economy’s Recovery
By Bob Young, American Farm Bureau Federation
A few months back, we discussed the potential shape of the recovery. Would it be a “V,” an inverse “J,” or a “W”? Another potential letter has appeared in the last month or so, a “K.”
A K recovery reflects that some sectors of the economy have already bounced back and are, in some respects, stronger than before the pandemic. Equities markets are probably the best example of this: The S&P 500 set a then-high of 3,386 on Feb. 19. The index climbed further to 3,581 on Sept. 2.