The Two Pandemics
Yes, the coronavirus is real but no one knows how much it changed the fundamental outlook for the stock market. The intense preoccupation by the public with this pandemic is not entirely rational. We had between 291,000 and 646,000 deaths worldwide from influenza in 2017, https://www.cdc.gov/media/releases/2017/p1213-flu-death-estimate.html and most of us didn't hear of that at all.