pandemic
And because travel would all be halted, hotels, cruise ships, airlines and other travel-related companies would experience major losses that can’t be recovered. That could spell particular trouble for the U.S., where the majority of economic activity comes from service industries.“Investors are understandably worried that maybe now we will get that recession so many have been worried about.
“What I do think could happen, however, is that this double-whammy of a demand and supply shock could trigger a technical recession ― a quarter or two of negative GDP growth and negative earnings growth ― but that doesn’t have the trappings of a typical recession in which there are many layoffs and tightening financial conditions.”
These scares are temporary and a good buying opportunity. First clinical vaccine trials start in April. Buy that stock.
Stocks? We're worried about OUR JOBS!