The reality, though, is that with no ethical or economic impact studies on these strategies, it’s impossible to tell what the best course of action is. It’s easy to say that we need to rescue as many lives as possible, but there’s a world of implication here you need to ignore to make that argument.
Weekly claims for unemployment insurance have already risen to 281,000 between March 8 and 14, spiking 70,000 from the week prior. According to an analysis from the Economic Policy Institute (EPI), at least 3 million people could lose their jobs by summer. This doesn’t just pose a financial burden for those who are affected but a safety and health burden.
Many airlines are already being driven into technical bankruptcy, according to the CAPA Centre for Aviation. Retail and local businesses are sure to follow.
Putting strict and widespread quarantine measures in place, although well-intentioned, may very well end up doing more harm than good in the long run. I believe I said this last week, but everyone needs to put food on the table and a roof over their heads to survive.
You’re probably not seeing this discussed very much in the media, but I expect that will change once the world feels the brunt of a recession and Americans are hurting.
This is an ugly situation with no good answers, but I don’t see a suppression or mitigation strategy remaining in public favor for too long. That said, I think the market will continue to face pressure until the sentiment flips. Either that or in 18 months when we have a working vaccine.
In the meantime, there will only be a few safe havens and upside opportunities for investors. If you’re on the lookout, I’ll be revealing my top four “Stay at Home” stock picks this weekend (Sunday) in my investment advisory Technology and Opportunity. These will be your safe havens during the COVID-19 meltdown.
I’ll also be talking about several stocks with a big upside over the next couple of weeks in a video series for members of our healthcare-focused "Topline Trader" investment service
Call us at (877) 303-4529, Monday through Friday, during regular business hours if you’re interested in joining us. I know the market might appear scary, but as long as stocks are moving, there are ways to make a profit.
Until next time,
JS Sig
Jason Stutman
follow basic @JasonStutman on Twitter
Jason Stutman is Wealth Daily's senior technology analyst and editor of investment advisory newsletters Technology and Opportunity and Topline Trader. His strategy for building winning portfolios is simple: Buy the disruptor, sell the disrupted.
Covering the broad sector of technology and occasionally dabbling in the political sphere, Jason has written hundreds of articles spanning topics from consumer electronics and development stage biotechnology to political forecasting and social commentary.
Outside the office Jason is a lover of science fiction and the outdoors. He writes through the lens of a futurist, free market advocate, and fiscal conservative. Jason currently hails from Baltimore, Maryland, with roots in the great state of New York.
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