Continuing a new feature at TK, done in conjunction with old friend Eric Salzman of the Monkey Business podcast — a user’s guide, for the often intentionally obtuse jargon of high finance. See the first entry, “SPAC,” here.

K-SHAPED RECOVERY: When the rich get richer, the poor get poorer, and headlines grow foggier. If you have to ask which prong of the K represents you, you were sent the article by mistake.