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Get ready for the recovery

Get ready for the recovery

Let’s imagine ourselves in a happier time for investors. A time when few had heard of the disease known as Covid-19, and when few who had regarded it as a major threat to either their health or wealth. A time when stocks were moving solidly higher; shares were ‘reassuringly expensive’; monetary policy was accommodative; a post-election fiscal boost was expected in the UK; and largesse looked likely in the US as the incumbent president jockeyed for re-election.

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