Commonwealth Update on Coronavirus May 1st, 2020

What Will Progress in the Coronavirus Crisis Mean for the Economy and Markets?
April 24, 2020
Pandemic Slowing, Economy Reopening, and Markets Reassessing
May 15, 2020

Brad McMillan, Commonwealth’s CIO, discusses the markets and economy

Brad McMillan, Commonwealth’s CIO, discusses where we are in the coronavirus crisis, including a look at the virus itself, the economy, and the market. We had some good news this past week in terms of the virus. The daily case growth rate dropped to under 3 percent per day, and the number of tests given per day increased. Unfortunately, there was bad news for the economy, with millions more people losing their jobs. Even here, however, there are signs that the federal stimulus programs are working, and the peak of the economic damage may be behind us. In fact, the stock market seems to think the recovery may happen sooner rather than later. It is pricing in a V-shaped recovery, with a return to something close to normal by the start of next year. Does the market have it right? Watch this video to learn more. Follow Brad at blog.commonwealth.com/independent-market-observer.