It won’t be like Hurricane Covid – fast to arrive, fast to depart. It will be slow and grinding.
One quibble, hurricane covid did not depart quickly. There was no real path out of the plague, until the availability of the vax almost exactly a year later. The market staged a fast recovery due to a tidal wave of propaganda that everything would blow over in a couple weeks. Remember my posts about the “panacea of the week”? Remember the repeated assurances that kept resetting the goal line as one deadline after another passed?
Recession reality could probably be swept aside as easily, with an equal onslaught of “morning in America” blather. Remember the sharp V bottom the market made in March 2009? The data didn’t bottom out until months later, but all the data and earnings reports in early 2009, no matter how horrible, was always spun as “better than expected”.
Steve