As you are aware, the stock market exhibited signs of panic selling until March 23rd, 2020, when the market (as measured by S&P 500) was down by 35% since its peak on February 19th 2020. However, the stock market rebounded rapidly since then. S&P 500 rose by almost 84% between March 23rd 2020 and April 12th 2021.

Although DDM (Dividend Discount Model) suffers from serious shortcomings, it is still widely utilized by analysts to determine the intrinsic value of common stocks. Please use DDM to assess the impact of the Coronavirus pandemic on the US stock market since March of 2020.

What is your prediction on the state of the economy and the stock market for the next six months (i.e. between May 2021 and November 2021)? Do your best.