Negative news abounds; but things will get better
"In the 20th century, the United States endured two World Wars and other traumatic and expensive military conflicts; the Depression; a dozen or so recessions and financial panics; oil shocks; a flu epidemic; and the resignation of a disgraced president. Yet the Dow rose from 66 to 11,497." – Warren Buffett
Close your eyes and imagine this. In six months' time a virus vaccine is announced and starts becoming available. By that time Reserve Banks have cut interest rates and governments have announced fiscal stimulus via business support packages, tax cuts and infrastructure spend.
Unfortunately, our crystal ball is cloudy, and we cannot say with complete certainty that that scenario will happen, but it is a scenario that is more likely than endless disruption and turmoil.
There is currently an arms race by biotech firms on COVID-19 vaccine research. It is not if, but when a vaccine with arrive.
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