After slashing its economic outlook in April and early May, expecting a GDP crash of as much as 40% in Q2, Goldman turned cautiously optimistic around the time of peak shutdowns in the US, and not only saw a light at the end of the tunnel in mid May, but also launched its own "reopening scale" index on May 9, a number which started off at 1 and is currently at 2 and rising with the bank continuing to see modest improvements at stay-at-home businesses, offset by a slight deceleration in back-to-business segments. {image} However, in recent weeks, Goldman's optimism has become increasingly more muted, and on Saturday ... (full story)