Depressions are economic events not created by economic forces
This is a common occurrence known as a “bear market bounce.” It has happened in the last two recessions of 2000-2002 and 2008-2009. Then the markets crashed to down -50% in 2000-2002 and -57% in 2008-2009 from top to bottom.
The problem is that 70% of our economy is consumer related.
I hope that the recovery is fast and furious, but right now, the effervescent hope of a “V” shaped recovery is not a high probability scenario.
Based on the current data, we are in a stock market collapse.