Came across this interesting graphic from Bloomberg. The pace of crash and the snapback recovery have been phenomenal.
India though is still down 20% for the year. But Nasdaq is up 10% YTD 
I’ve seen 10s of articles on the divergence between the real economy and the stock markets. But what most people don’t realize is that GDP and markets aren’t correlated at all. Markets are always discounting the news and are at all times either too optimistic and overly pessimistic. But they never move in line with the economic realities.
But if you look underneath the hood of S&P 500 and Nasdaq the breadth is quite narrow.
The recovery had been entirely based on the moves of FANG stocks
Another interesting data point I came across
If you look at the Indian sectoral performance, the bloodbath becomes quite evident. We still have a long way to fo for the recover unlike the US markets which have been pulled by the
