By Gary Evans and Jon Custer

Nice graphic from Morgan Stanley about a potential timeline of the first-order effect of the coronavirus crisis.  It’s all guessing and conjecture like anything in life and business but provides a basis for planning.

It also fits with our view that the economy begins to recover during mid- to late summer.  It is important we remain vigilant of a potential second wave, which is now appearing in China and Singapore.   Note, the first wave of the 1918 Flu came in March but mutated and the devastating blow took place in September/October.