One of the biggest enigmas among the business and investing community now is, how can the stock market indices hit all-time highs against the backdrop of severe economic slowdown? Let’s face facts: Covid-19 led to a synchronised global economic, social, and health crisis. Nobody knew anything much about the virus. Life itself came to a halt. Many small businesses were decimated. Large businesses said that they were flying blind. Growth collapsed all over the world. After a crash in March, the market stabilised in April and May, but everyone said that would be a lull before the next storm. Everyone
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