The virus remains a significant threat….to public health, certainly…and more so to economic conditions. That most will expect recessionary forces seems unassailable, but the nature of the recession is an open question…i.e. V,J or L shape. Given strong fundamentals, and likely strong pent-up demand once we are allowed out of the house. REAB expects a sharp drop and a very quick recovery. This will favor current administration, and all could change should the electorate reject the MAGA direction……with all its confusing confounding style and results.