No V-Shape Recovery -- May 12, 2020

We'll know six months from now, but the tea leaves suggest we will see no V-shape recovery.

Here in north Texas, "shelter-in-place" restrictions have been greatly eased, and yet there is no huge return to normalcy. I had expected by this past weekend, we would see huge crowds out and about everywhere. Didn't happen.

Still incredibly quiet.

Americans are still scared.

I will give examples later, but need to move along quickly. I will be starting my granddaughter-Uber day shortly. 

There is a vocal minority clamoring for lock down restrictions to be eased in states that still have them, but as noted, these are clearly in the minority.

As noted, in Texas, restrictions have been significantly eased, and we're not seeing a "huge response." People are still staying home.

In addition, the Rasmussen daily presidential poll clearly shows that people support Trump's response to the pandemic. His polling over at Rasmussen is now at recent all-time highs, and wow, well ahead of Obama at this point in the latter's presidency:

As someone else noted, it won't be a V-shaped recovery. At best it will be a "swoosh" recovery.