We made it to the end of March. What can we expect as we enter the month of April?
The national social distancing guidelines have been extended to April 30th. Not rushing to open up the economy is actually a positive in that it gives us greater odds of defeating the coronavirus.
It looks like the huge daily percentage swings may continue given that the VIX remains around the mid-60s. This chart on CNBC.com shows just how wild these percentage swings have been. So, as we enter April you must be prepared in case this environment does continue. Also, let’s see how long it takes for the cases of coronavirus to peak and let’s continue to assess when then reopening of our economy may take place as we move towards late April.
Lastly, make sure to be on the lookout for our 1st quarter market summary as well.
This has been your Weekly Market Minute, and we’ll see you on Monday – prefer to listen or watch? Check out our video & audio formats below: