The Independent Market Observer

Coronavirus Update: May 8, 2020 [Video]

Posted by Brad McMillan, CFA, CAIA, MAI

Find me on:

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

and tagged Market Thoughts Videos

Leave a comment

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.

Subscribe via Email

Crash-Test Investing

Hot Topics

New Call-to-action



see all



The information on this website is intended for informational/educational purposes only and should not be construed as investment advice, a solicitation, or a recommendation to buy or sell any security or investment product. Please contact your financial professional for more information specific to your situation.

Certain sections of this commentary contain forward-looking statements that are based on our reasonable expectations, estimates, projections, and assumptions. Forward-looking statements are not guarantees of future performance and involve certain risks and uncertainties, which are difficult to predict. Past performance is not indicative of future results. Diversification does not assure a profit or protect against loss in declining markets.

The S&P 500 Index is a broad-based measurement of changes in stock market conditions based on the average performance of 500 widely held common stocks. All indices are unmanaged and investors cannot invest directly in an index.

The MSCI EAFE (Europe, Australia, Far East) Index is a free float‐adjusted market capitalization index that is designed to measure the equity market performance of developed markets, excluding the U.S. and Canada. The MSCI EAFE Index consists of 21 developed market country indices.

One basis point (bp) is equal to 1/100th of 1 percent, or 0.01 percent.

Third-party links are provided to you as a courtesy. We make no representation as to the completeness or accuracy of information provided on these websites. Information on such sites, including third-party links contained within, should not be construed as an endorsement or adoption by Commonwealth of any kind. You should consult with a financial advisor regarding your specific situation.


Please review our Terms of Use

Commonwealth Financial Network®