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04-APRIL 20-2020

                                                                                 Good morning.
Toy with PeopleAll the talk of reopening the economy sounds great in theory, but how does it work in practice?  I know people are buying on the headline and the actual details can be sold later, but this seems like the biggest disconnect I’ve seen since 2008’s “soft landing.”
The reality is that “reopening” means different things to different people.  Unfortunately for those making policy decisions, it doesn’t mean that restrictions stay away, and life goes back to normal.  At some point, the market may awaken to that.

 

April 20, 2019

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