For a consumption based economy where 15-25 million people will be unemployed temporarily, I don’t think business is going to look like July 2019. More of those

For a consumption based economy where 15-25 million people will be unemployed temporarily, I don’t think business is going to look like July 2019. More of those jobs will be lost permanently than most people are forecasting, and consumer confidence will take longer to rebound as well. Once the second wave of infections hit when places start reopening, people will voluntarily head back inside. I have a large short position on IWM right now and have since last week. If the next leg down doesn’t start from Q2 earnings, Q3 earnings will.