Crazy market. Weekly LEI dropped from a growth rate of 5.9% the last 2 weeks, to just 4.8% this week. My uncle says means growth rate of Leading Indicators is pointing to slowdown in economy in 6 months, but strong until then. He is also puzzled as to how much the virus will affect the economy. In long run, is insignificant, as the production will eventually catch up, but with the high level of debt, will it hurt the short run enough to cause a recession?
Fed is still pumping like crazy, how long will that keep up the market. They printed money fast as they could in the winter of 2008-2009, and the market fell hard until the spring.