Your Evening Briefing: Welcome to the ‘Bear Market for Humans’

Your Evening Briefing: Welcome to the ‘Bear Market for Humans’

In describing this year's stock market, observers have been big on comparison rather than explanation. Tech is surging while banks fall. Growth is rising as value drops. Big companies thrive while small ones struggle. None of these, however, offers an organizing principle. Now, someone has cracked the code. Vincent Deluard, director of global macro strategy at brokerage StoneX Group, said 2020 has been the “bear market for humans.” The problem, it turns out, is people. —David E. RovellaBloomberg is mapping the pandemic globally and across America. For