These aspiring financiers are sweating bullets over fears that the summer internships they hustled to line up will be canceled because of COVID-19.
Some banks may find their lack of scale and the short term pressure “too acute” to survive the crisis.
The combination of unprecedented policy support and a flattening viral curve have dramatically reduced downside risk for the U.S. economy and markets.
Gundlach forecast that the market would “get back to a better place, but it’s just not going to bounce back in a V-shape back to January of 2020."