Wall Street vet of half a century warns of an ‘L-shaped’ economic recovery
April 06, 2020 at 14:28 PM EDT
Back in December, Art Cashin, longtime NYSE trader, predicted that the stock market would be higher in 2020 despite some volatile stretches in January, March and July. Looks like he got that second part mostly right, anyway. He’s sounding quite a bit more bearish on the prospects of a recovery these days.