However, as I’ve noted, due to the COVID-19 crisis, forecasting fundamentals is nearly impossible. When you don’t have access to fundamentals, you use technical analysis.
The Federal Reserve’s and the government’s massive and quick actions should stabilize what has been an economy in freefall, but we won’t escape a recession.
Whether we get to enjoy a rally, or even stabilization, the cure to the coronavirus - absent a vaccine - appears to be global governments pushing their respective economies into recession.
