I don't like this slow burn.
We know it's here but we don't yet know the extent due to lack to test kits. We saw this in China a month ago (and earlier) and government + private sector should have mobilized and be much more prepared. I get hiccups and confusion here and there, but lack of testing kits is a big miss.
Over the next 4-8 weeks (or until we get good news on vaccine trials)
- more testing that shows many more infected; but do think the elderly are the most vulnerable and younger people without pre-existing don't have to worry as much
- school quarantines, remote work
- market uncertainty and wild swings; theme parks, airlines & hospitality taking more hits
- ... and because I'm feeling pessimistic this morning, a recession for US and a near/recession for China
In-laws called and said they won't be coming over for daughter's graduation in mid-May. Perfectly understandable.