With additional boost coming from the festival fervour and pent-up demand, numerous high-frequency indicators suggest that economic recovery is taking hold. A Quest for Sustained Growth 3. While it is heartening to note that the economy is gradually getting back on its feet after a devastating second wave, recovery has progressed in an uneven manner.
Similarly, aggregate stress tests--by which a dealer evaluates its exposure to the hedge-fund sector in the event of a large market move--merit wider use. Aggregate stress tests are a desirable complement to stress tests of individual hedge fund counterparties because funds sometimes imitate each others' strategies or choose strategies that are affected by common market factors.