For the Who Me Worry? crowd
we are, in fact, just now getting stock indices down to a long term, 10 year trendline.
That trendline is probably a fairly good representation of the actual economy- 3 years of Trump U hucksterism aside. Although there's a lot of damage from the elevator ride to the top and bottom.
In the real economy (the stock market isn't the real economy, it just plays it on TV) one of the first pieces of data to hit post-CV was this morning's Empire State Manufacturing PMI which fell a stunning 21.5%, m/o/m.
Re: For the Who Me Worry? crowd
The data is going to be brutal for a while.
The market has priced in that things aren’t good but it hasn’t priced in things being bad.
It will need a reason to look optimistically beyond the next couple months.