Are stocks now on a path to definite recovery?

Dubai: With global stocks now rallying, does this mean that investors now see a bright future for markets beyond the COVID-19 crisis? Is the worst over and will this turnaround last?These are the key questions in the minds of most market spectators – and while some top analysts agree, some are still on the fence about it.Global stocks, led by US’ Wall Street, rose sharply this week, in contrast to prior weeks’ losses. Now most markets are comfortably above their March lows. (Stocks plummeted last month with the pandemic escalating rapidly.)All three US benchmarks rose by 11-12 per cent last we…

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