Billionaire investor Howard Marks paints grim view of economic outlook: stimulus alone won’t cure ‘down-cycle’
October 13, 2020 at 16:06 PM EDT
The U.S. stock market has rebounded mightily in recent months but Howard Marks cautions investors to brace for a tough slog in the economy, and that's even if a fresh fiscal stimulus package can be passed by Congress to help heal the coronavirus-stricken business climate.