It may all look like bad news right now. New York City hospitals are overflowing with COVID-19 patients, and New Orleans and Detroit seem to be about to experience their own explosions of cases.
Today’s Reality Gap is the difference between how bad things look in the COVID-19 world, and the true investing realities that lie on the other side of the crisis. It is so hard emotionally and mentally to see a positive side while the numbers of new coronavirus cases and fatalities are growing daily.
But we can look to the information we have to see how we should be reacting in the coming days, weeks, and months instead of being trapped in the moment.
And the West Coast of the U.S. offers a glimmer of hope, and more importantly, a way forward.
California and Washington have been overshadowed in the news by the tragedy unfolding in New York, but the two states were the first to report cases of coronavirus infection outside of people who had returned from abroad.
And through some swift action, but also some luck, they seem to have “flattened the curve” and avoided the worst of the pandemic.
How they did it shows how we’re all going to get through this crisis…
And when we’ll be able to restart the economy.