Steven returns for another economic update to discuss the psychological dynamics of the current pandemic and how the markets are not at this time expecting the apocalyptic scenarios that have been laid out. While the death projections continue to fall, we are still in the midst of a deadly disease. CDC data may be indicating that Covid-19 was in the US back in the fall, so it is possible that we are further along the curve than many think. We must be prepared for every outcome, but we must think critically about every component of this situation. There may be, as President Trump has said, light at the end of the tunnel. Be safe, be sane, and be steady!