Before revision: We provide a data-driven analysis of how investor expectations about economic growth and stock market returns changed during the February-March 2020 stock market crash induced by the COVID-19 pandemic  .
After revision: We provide a data-driven analysis of how investor expectations about economic growth and stock market returns changed during the February-March 2020 stock market crash induced by the COVID-19 pandemic , as well as during the subsequent partial stock market recovery .