Quite the opposite. Via FTAlphaville:
If you pick through the recent musings of Wall Street’s wonks, whether on the economic or corporate side, you’ll find one discernible trend: analysts trying to figure out how fast we return to ‘normality’ once we emerge from our hovels.
There are various approaches to this, but they typically revolve around modelling a set of different outcomes post-pandemic and then weighing them by probability. To inform their predictions, analysts can utilise third-party data — credit card, traffic, electricity prices, etc — to figure out which industries, countries or companies are in the process of recovering. Soft data, like a survey, may also help those industries, like cruise ships, which are still in a coronavirus crunch.
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