‘U.S. is past the peak, economy to reopen shortly’ – JPMorgan

Sounding more bullish about the outlook than anyone out there, JPMorgan says the U.S. passed its peak in new cases three or four days ago, and expects a limited reopening of the economy in one-to-two weeks.

Noting global stocks down about 35% on average, they are overweight equities. While acknowledging the horrendous near-term economic hit, the team says investors will be focusing on 2021, and even 2022.

As for winners going forward, they note every recession accelerates pre-existing trends – in this case things like working from home and online retail.

Some related ETFs: USA, CRF, SCHX, ZF, VV, FEX, JKD, SFY, EEH, EQL, IWL, GSEW

https://seekingalpha.com/news/3558890-u-s-is-past-peak-economy-to-reopen-shortly-jpmorgan