Coronavirus Update: May 15, 2020 [Video]

Posted by Brad McMillan, CFA, CAIA, MAI

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This entry was posted on May 15, 2020 12:01:06 PM

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Today, I'd like to provide an update on the coronavirus crisis, including the economic and market implications. It was another good week in terms of controlling the virus, with the daily spread rate dropping to less than 2 percent for five days in a row. Plus, testing increased to more than 300,000 tests per day, and the number of new cases per day continued to decline significantly. Similar progress was seen on the economic front. Layoffs continued, but millions of people have started to return to work—one of the positive effects of the reopening process. Of course, risks remain, with a second wave of infections looming the largest. But the foundation of the economy is starting to be rebuilt.

Given all of this good news, why are the financial markets starting to get nervous? Watch my latest video to learn more.

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Tune into Yahoo Finance's The Final Round on Friday, June 5, at 3 P.M. ET (time subject to change) to hear Brad talk about the market. Watch at https://finance.yahoo.com/show/finalround/

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