Dancing in the Streets?
Summer’s here (almost), and the time is right for dancing in the streets, or how the song goes. The reality is that even though there are signs of a strong recovery in the works, central bank and government interventions throughout the pandemic have made it difficult to predict the direction of the economy accurately. If anything, the most accurate prediction is that most models are wrong.
An example is the massive jobs miss in April and higher than expected unemployment. While no single root cause can explain what is happening, it is too early to tell if these reports are singular events or indications of a broader trend.
THE 375 PARK COVID MODEL CURRENTLY FORECASTS ~ 37 MM CASES AND A cCFR of 1.8% IN THE U.S. BY THE END OF THE JUNE ’21.