Apple’s valuation could help COVID-19 economic recovery

Apple’s valuation could help the economic recovery after the COVID-19 recession.
“The COVID-19 pandemic may have hurt the economy, but for technology stocks it feels like 1999 again,” Sakunthala Panditharatne writes for Bloomberg Opinion. “The Nasdaq Composite Index just reached a record high having rebounded about 50% from its low of the year in March. The stock market is not the economy, but it does feel strange for stocks to be soaring in the middle of a deep recession