As we are all trying to cope with the crisis at hand, possibly it’s time for a bit of an economic history discussion. What are the most important, looming, macro economic factors surrounding this current Covid-19 Pandemic, that you should be aware of? Our Chief Equity Strategist and Economist, John Blank, is here now to fill us in.
1. The COVID19 epidemic is (by far) the most challenging health crisis many of us witnessed. But you’ve written that this time is different from other pandemic crisis this country has seen. Is that from an economic impact perspective?
2. So what are the 2 most important macro demand indicators?
3. What about seemingly bullish equity market reactions at the time of the release of record high unemployment numbers, and shocking negative GDP growth numbers? Is that another big variable here?
4. As with previous negative economic events here, is it safe to assume that jobs previously held by now furloughed workers will be lost?
5. All that said, can you even accurately assess the current state of our economy?
6. More importantly, looking forward, what are you seeing that could be regarded as predictive regarding U.S. GDP, core inflation, the labor market and the overall shape that a recovery may take?
7. Do you expect a recovery to take a protracted period of time?
8. You’ve written that over the long term, New Economy Models will evolve to become the new normal in three broad areas. What will our New Economy look like when this is over?
9. Retailers will start reporting earnings to wind up this earnings season. Some retailers are economic barometers. Any new signals there?
10. Meantime, other stocks you’re watching include Taiwan Semi (TSM - Free Report) , Peloton (PTON - Free Report) and AngloGold Ashanti (AU - Free Report) .
That’s the latest with our Chief Equity Strategist & Economist, John Blank. With John, I’m Terry Ruffolo.