This Wall Street Journal chart captures well the three phases for US stocks since early March: The initial big decline, the impressive partial recovery that followed, and an essentially unchanged last 30 days or so. For a sustained move up, markets need a boost from one or more of three factors: improved fundamentals, additional policy fuel, and more enabling systemic factors. #markets #investing #stocks #economy #bonds #interestrates #equities #investmentmanagement #stockmarket #assetallocation #volatility #wsj …see more