The Independent Market Observer

Coronavirus Update: May 22, 2020 [Video]

Posted by Brad McMillan, CFA, CAIA, MAI

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This entry was posted on May 22, 2020 1:22:10 PM

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Today, I'd like to give an update on the coronavirus pandemic, including its effects on the economy and markets. There was some good news on the pandemic front, with daily testing numbers continuing to rise. We didn’t see as much progress in the daily spread rate and the number of new cases, with both remaining relatively stable. Here, the results may be better than they look, as we didn’t get a bump in new cases even though the economy started to reopen. In fact, the economic reopening seems to be going better than many expected. The restaurant business has started to tick up, and mortgage applications have just about returned to 2019 levels.

With all signs pointing to a recovery that’s well on track, could recent market volatility be behind us? Watch my latest video to learn more.

 

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