We are at the bull trap phase.
Wall street will rally on government making a decision, and FED ensuring $150 billion daily liquidity.
But the supply chain problem still isnt being addressed. Drugs, guns, hospital beds, and body bags will soon be in short supply especially if America "returns to normal" in 2 weeks time. Then the 2nd wave of fear kicks in.
maybe a better market indicator will be when car makers stop making ventilators, distilleries stop making hand sanitiser, gucci stops making face masks, and MS Teams returns the video quality to pre-covid19 resolutions.