It has been an ugly few months. A pandemic is sweeping our nation. The S&P 500 Index has plummeted by 40%. Every so often we get a black swan that catches everyone by surprise.
This surprise is invisible and unstoppable – a powerful and contagious virus called the coronavirus or COVID-19. We weren’t prepared for it despite warnings.
As I’m writing this, the United States is still in the early innings of what will likely be a devastating and heartbreaking outcome for our country. And while the number of deaths are still fairly small in quantity, the economic impact is already being felt far and wide.
Airlines are shut down, restaurants are closed, hotels and casinos are closed up. Employees are getting laid off in the hopes they can quickly collect unemployment. Schools are closed and people are forced to work from home.Read More...