Equity markets are so hot that it is hard to find cheap stocks to buy. This is in spite of having the toughest economic conditions we’ve ever seen on a global basis. The problem started with the pandemic, and it is an ongoing human tragedy. But the side effects of the medicine that the world took to fight the virus were devastating to commerce. The world is still reeling from the effects of the quarantine, and there will be millions of businesses that won’t survive it.
The U.S. government is trying very hard to bridge the gap between this tough period and the time it will take to safely reopen the nation. Last week, investor sentiment suffered a blow when some of the states that