Wall Street Thinks A Double-Dip Recession Is More Likely Than V-Shaped Recovery

America’s stock market has swiftly recovered from the pandemic. Sophisticated investors don’t think the real economy will do the same. Just 17% of fund managers expect a rapid V-shaped economic recovery, according to a Bank of America survey released Tuesday. Far more (31%) anticipate a gradual U-shaped recovery. Worse, the Bank of America survey showed that 37% of fund managers expect a double-dip recession via a W-shaped recovery. The findings are yet another reminder that the stock market is not the economy. Wall Street may have catapulted back to record highs at lightning speed, but there is no guarantee Main Street will. Read more at CNN Business.