Minerd Sees Covid Rivaling 1918 Flu, Predicts More Damage
- Guggenheim investing chief sees pullback in consumer spending
- Warns of stock-market drop that could be a buying opportunity
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Guggenheim Investments Chief Investment Officer Scott Minerd said the Covid-19 pandemic will escalate to echo the worst viral outbreaks in history.
“As we head into the winter flu season, more indoor activity will likely cause cases to accelerate more, echoing the 1918 pandemic,” he wrote Thursday in a memo to clients. He added that the second wave of infections could dwarf the number seen after the initial outbreak.