The market’s reaction to coronavirus fears has been “sell first, ask questions later.” That’s according to Cornbelt Marketing market analyst Sam Hudson, who thinks once the U.S. government’s stimulus packages start to kick in the market environment should stabilize. “Once you get past liquidity problems, that’s a lot of low rates. At this point, we don’t know how many people will be sick. How inundated the health care system will be? If the healthcare system holds up, everything will be okay for summer.” Hudson says demand will be key for the market direction. “We’re going to be tracking demand, but the end users aren’t standing up with both hands right now. What we’ll do is have a violent recovery from this, it’s just from where.”
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