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Thirty-five states are now reopening or about to reopen after long coronavirus-driven shutdowns. The United States has shed about 26 million jobs over the past two months, so clearly the hope is that companies rehire the employees they've had to let go and that business quickly goes "back to normal."
But consumers have been absolutely battered over the past two months; there's less disposable income for them to spend.
As the opportunity to spend reemerges, folks in these states are going to have to decide just what it is they've missed most during the lockdown.
And therein lies another lucrative "Reality Gap": The hope for a rapid "V-shaped" economic recovery versus the more likely slow, phased return to economic normalcy.
Other countries that are further along in their reopening process give us some clues as to how this could play out in the United States. And here, we're seeing some early signs that some industries are experiencing a quicker recovery than others.
About the Author
D.R. Barton, Jr., Technical Trading Specialist for Money Map Press, is a world-renowned authority on technical trading with 25 years of experience. He spent the first part of his career as a chemical engineer with DuPont. During this time, he researched and developed the trading secrets that led to his first successful research service. Thanks to the wealth he was able to create for himself and his followers, D.R. retired early to pursue his passion for investing and showing fellow investors how to build toward financial freedom.