Index smashes record highs but average stock in S&P 500 is 28% below its peak

 The gap between winners and losers since the pandemic struck has led some investors to describe the rebound as “K-shaped”, evoking a swift fall followed by a big divide in fortunes.

https://www.ft.com/content/680d9605-f112-4ea5-a5af-3b9138b5bf07



If we have to choose a letter for the economic recovery, maybe it should be a “K.”

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