| | | QE4 is nearing it's end. So that would be a hypothetical QE5, or maybe QE-Infinity.
Difference now is we've had corrections before in bull markets before, like late Nov to early Dec '18, but the COVID-19 virus produces a great unknown. Supply chain disruptions, productivity declines, possibly a few dominos falling. This still has the potential to be a black swan event.
And as we know, the market loathes the Great Unknown.
Here's the one chart to observe. Two more weeks of near exponential growth, and we will almost certainly have a mild recession, triggered by an exogenous event, but a recession nevertheless.
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