Last week, US stocks staged the best rally in 45 years, regaining half of the losses of the previous month There were a couple of indications that the rate of infection is slowing in the US. Are we good? Is this thing almost over?
As a hurricane tracks inland, there's a moment when the eye of the hurricane passes directly overhead. For the prior three days, wind speeds have gradually increased to gale and then hurricane force: 75, 95, 115 MPH. At the very center of the hurricane is the "eye," 20-40 miles in diameter, where the winds drop down to nothing,
Anyone sheltered from the hurricane may be tempted by the calm to go outdoors to evaluate their neighborhood. As the trailing eye-wall passes overhead, however, the winds will surge from calm to max in seconds - that's when the most people are killed.
David Edwards of Heron Wealth spoke on financial planning and investment consequences of the coronavirus pandemic:
24 minutes on:
How our clients are doing
Coronavirus: worst is yet to come
Financial markets may retest March 23rd lows
Impact on US Presidential Election
11 minutes answering questions.