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The stock market could be facing ‘multiple decades’ of ‘deleterious’ economic after-effects, analyst warns


The stock market’s ability to shrug off the economic destruction and gloomy coronavirus headlines continues to enrich emboldened bulls and baffle even some of the savviest Wall Street pros.

A big dose of reality, however, looms large, if Andrew Lapthorne, the global head of quantitative research at Societe Generale, has it right with his recent outlook.

“With questions on the effectiveness and wide availability of vaccines remaining, as well as the potential impacts of the pandemic’s damage to the economy, there may be more downside risk from markets overshooting,” Lapthorne wrote in a note to clients cited by Business Insider Sunday.

He pointed to…


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