The race is on to save patients lives and the global economy. The stakes are high, very high. As the world shelters in place, economies have cratered, businesses have had their plans turned upside down and millions are filing for unemployment. The human toll of fatalities from the coronavirus are being felt throughout the world.

The last time in history when almost everyone on the planet was talking about the same thing was when man first stepped on the moon. Science is in the race of their lives to find effective treatments and a vaccine for the coronavirus. Peoples lives are depending on it and the world economy is too! Collaboration ammong scientists all over the world is at an all-time high!

In the midst of facing an unprecendented modern day global health and economic crisis, here is what economists - at this moment in time - think you can expect to see regarding the outlook for the markets. This is of course a moving goal post as no-one knows how the Coronavirus epidemic will exactly unfold and when potential anti-viral treatments will be discovered. At this point a vaccine for the coronavirus is 18 months away and that would be a lightning quick development curve compared ot the usual timeline to develop a vaccine. One thing we can say with 100% certianty and that is these are not normal times and yes, the market will recover in time.

The Market Outlook from Hawley Advisors 

When one is assessing risk and how far off a recovery might be in the midst of the coronavirus sweeping the US and the world, the mostly catastrophic forecasts in the daily news leaves you with a very bleak picture. And while the picture is severe both on the health and economy fronts, we wanted to share a Nobel prize winners more optimistic outlook...

https://www.marketwatch.com/story/nobel-prize-winner-shares-some-good-news-about-the-coronavirus-pandemic-2020-03-23

The human brain is hardwired to survive and flee in the face of danger. Countering the emotion that is hardwired into our DNA, we need to very objectively look at human history and its advances in the face of catastrophes as well as how this has impacted the financial markets.

The unknowns surrounding the Coronavirus remain front and center of the news and markets. No one likes uncertainty when it hits so close to home and the markets are challenged with respect to trying to discount risk that it does not fully understand yet.

So how long will the Coronavirus last?