Impact of Black Lives Matter protests on the market
updated 7 months, 2 weeks ago 3Members · 4
Posts Hello Everyone — What are you thoughts on the impact of Black Lives Matter protest on the market? I see social distancing being ignored, additional unnecessary business/government response costs, and fear/panic.
Personally, I am at 80% cash and considering going 100%. When the dust settles in Q3 and Q4, I imagine we are going to see opportunities everywhere. Would love to get some feedback from the group. Thanks.
Since symptoms of Covid may not show after 2 weeks, there’s a chance of that those numbers won’t be reported until then. On the other hand if the market will be impacted by these protest, I would assume they will price it in this week.
… Thoughts?
Purely speculating, but the NBA was planning on continuing their season. Many celebrities / NBA stars have been actively involved in the protests. If COVID spreads more rapidly due to close proximity from protests, it could potentially prevent the NBA from restarting this season
in my opinion if NBA finds out they were part of it they will require them to be under quarantine before allowing the players involved to play or like you said, it’ll spread and prevent the league to restart
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