The Independent Market Observer

Coronavirus Update: May 8, 2020 [Video]

Posted by Brad McMillan, CFA®, CFP®

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This entry was posted on May 8, 2020 12:31:00 PM

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Today, I'd like to take a look back over the past month to evaluate how far we’ve come in the coronavirus crisis. We’ve seen real progress in terms of the pandemic, with daily spread rates going from 15 percent at the start of April to less than 3 percent in recent days. Plus, the daily testing rate has doubled in that same time period, with the number of positive test results declining. We’re also making progress on the economic front. The news here isn’t necessarily good, but we could say it’s getting less bad. Weekly layoffs have started to trend down, federal stimulus programs have gone into effect, and a number of states have begun to reopen. The markets have taken note of these shifts and fully expect a V-shaped recovery.

So, are we now at the end of the beginning? Watch my latest video to learn more.


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