Bank of America has declared the US is in a recession!

https://www.cnbc.com/2020/03/19/bank-of-america-says-the-recession-is-already-here-jobs-will-be-lost-wealth-will-be-destroyed.html

Bank of America projects that the US economy will collapse in Q2, shrinking by 12%.

The US stock markets have not yet factored in a deep recession and also the high infection & death toll projections.

http://sg-stock.blogspot.com/2020/03/50m-americans-could-be-infected-by.html