UBS lays out how a 2nd-wave coronavirus lockdown could lead to a devastating situation for stocks — one Wall Street has been warning about for months

· UBS strategist Bhanu Baweja warns of a potential stock-market tail risk that involves an inflationary spike resulting from the coronavirus pandemic.
· Baweja cites historical evidence from the post-WWII period, which featured a similar confluence of "supply shortages, solid income growth, high fiscal debt levels."
· He...