When the coronavirus pandemic started forcing the U.S. economy to shut down in late February, the stock market tanked for the next month. By late March, it was down 34 percent. Since then, the stock market has been in recovery: it has rebounded in a big way, so that now it's down just 13 percent from where it was in February before the recession started.
But the economy is not rebounding. Millions of workers keep losing their jobs each week, and hundreds of thousands of businesses have closed.
What on Earth is going on?
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