Economy has less ability to recover than typical recessionThe stock market is anticipating a strong V-shaped recovery with indexes either barely down or up YTD. However, with the virus not going away for many months and likely years, I would strongly argue this deep recession will not recover nearly as well as typical recessions or even the Great Recession of a dozen years ago. Demand destruction has become massive and systematic.
Tens of millions of jobs have been lost, many permanently. Small businesses, the true engine of a vibrant economy, are getting absolutely crushed with over half anticipating going under within 6 months. Stick your head in the sand (like John) or rely on psychics (like Moe) to avoid reality but this economy will not recover in the 9-18 months of typical recessions. And this recession is going to cut INCREDIBLY deep.
Critical mass is building in understanding this new, ugly reality. The stock market will reflect this soon enough. Energy is particularly vulnerable in this environment. Invest accordingly. JMHO. GLTA.