Market bull Jim Paulsen believes coronavirus hot spots across the country won't wreck the recovery.
"At the same time those are having hot spots, New York is being brought back online," he told CNBC's "" on Monday. "The economic reports are going to continue to improve, and hot spots are going to affect not whether the economy grows or not, but whether it grows faster or slower." "When we get headlines, there will be reaction to it. It could create pullbacks or corrections along the way," Paulsen said.fresh record highsHe lists three things boding well for markets right now: Widespread investor angst, the Federal Reserve's unprecedented policy push to ease the virus fallout and'However, he speculates they won't push the economy to a full stop because it's too costly.
sheeptweetZ TradingNation Maybe if outlets like CNBC stop scaring the public about hot spots that probably aren’t hot spots maybe we could restart the economy?