Stocks fell as the number of coronavirus cases continued to rise in the U. S. Here’s what three experts are saying about reopening the economy.
Stocks fell as the number of coronavirus cases continued to rise in the U. S. Here’s what three experts are saying about reopening the economy.
Kevin O’Leary, chairman of O’Shares ETFs, sees consumers carrying the economy forward.
“Sixty-plus percent of our economy is consumer demand. Consumer demand has not diminished that much as I’ve seen across the board. I have businesses in practically every sector from manufacturing gym equipment to high-tech stuff. And we haven’t seen any slowdown in demand. Yes, maybe that happens but right now I think I’ll be selling those consumers products and enhance my margins materially by digitization, which is why when people say to me, ‘Well, how come Facebook, how about Wix, how about Amazon, how about DocuSign, why are these businesses at crazy valuations?’ They’re not crazy valuations.
