"V" Shapped Recovery?
The S&P 5000 and the NASDAQ have all bounced back into what has been referred to as a "V" shaped recovery. The axiom is the stock market moves in anticipation of the economy. Coming out of Shelter in Place is so unique that it is impossible to forecast a V Shaped Recovery for Silicon Valley. We are now into our 3rd month of the Shelter in Place. San Mateo County Board of Supervisors have extended the rental freeze on evictions and the terms to it until June 30th. The death of an Afto-American man has created riots in various parts of America and our County. The results have been to further toss back the retail and restaurant industry from the virus lock down. Rents are collapsing in Silicon Alley. How much they will decline is a guess. The publication linked in the previous sentence also has some 66% of those questioned willing to move from the area to lesser costly place if their jobs will allow. Facebook has already gone that way along with Twitter, and Li