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$1.5 Trillion Bank Fears Brutal ‘L-Shaped’ Recovery – And Another S&P 500 Nosedive

Barclays has downgraded its year-end price target for the S&P 500 Index by a whopping 16%. The bank isn’t discounting the possibility of an ‘L-shaped’ recovery as opposed to the ‘V-shaped’ rebound many economists are forecasting. Dr. Anthony Fauci says the U.S. should see the “beginning of a turnaround soon,” but don’t expect economic activity…