Investment Management Analyst predicts recovery in the fall

A local expert weighs in on when the stock market will normalize amid the COVID-19 pandemic.

THE COVID-19PANDEMIC HAS ALSOHAD A MASSIVEIMPACT ON THE STOCKMARKET... A 1500POINT DROPOFF FROMWEDNESDAY'SCLOSING INTOTHURSDAY'S OPENINGNEARLY RECOVEREDGOING INTO THEWEEKEND...ACCORDING TOINVESTMENTMANAGEMENTANALYST MATTHEWKAPANEK..

PEOPLEARE ONLY SPENDINGON NECESSITIES...AND MANY ARESELLING THEIRSHARES.BUT HE PREDICTS ARETURN TO THESTATUS QUO BY THEFALL."THIS MIGHT LOOKWORSE BEFORE ITLOOKS BETTER THEFEAR MIGHT CONITNUETO RISE.

BUT AT THEEND OF THE DAY, THEAMERICAN PEOPLE ARERESILIENT.

SO WE MAYHAVE ECONOMICDISRUPTION FOR AQUARTER OR TWO, BUTBY MID TO LATE FALL,OUR STANCE IS EITHERWE'RE GOING TO BEATTHIS THING AND THETRANSMISSION ISGOING TO BE REDUCEDDRASTICALLY.

ORWE'RE GOING TOACCEPT THAT IT'S NOWA PART OF OUR LIVES."KAPANEK SAYS FEARAND UNCERTAINTY ISTHE PRIMARY CAUS