Bad Data Is a Given for Wall Street Gaming Out Lockdown Exit

  • Miserable factory and jobs numbers seen as backward looking
  • Cross-asset traders size up how quickly normality can return
Casino Pier amusement park stands closed in Seaside Heights, New Jersey, on April 22.Photographer: Angus Mordant/Bloomberg
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Pandemic trading will go down in history for its breathtaking velocity: The fastest market crash meets the swiftest rescue package to offset a virus infecting the world at a pace unseen this century.