The economic calendar includes several important releases, but few reflect the COVID19 effects. Everyone knows the economic news is dismal. Just how dismal does not seem to matter.
Investors want to know whether we have seen the bottom in stock prices. They ask, “When will people return to work?” Is it time to start buying stocks? If so, which ones? Serious market observers are discussing letters representing the future economic path: V, U, L, or W. (I wanted to create a memorable acronym from these letters and sought help from Mrs. OldProf. She admitted that