How to Survive the Economic Fallout from COVID-19

Call it the COVID Collapse. Global financial markets spiraled into bear market territory in record time thanks to the virulent, cross-border spread of the coronavirus that causes the COVID-19 infection. As the number of U.S. cases surged in mid-March and President Trump declared a national state of emergency, the specter of a global recession quickly morphed from economists' worst-case scenario to their base-case assumption. Americans already worried about their health are now frightened about their finances.

For U.S. stock investors, the bear attack seemed to come out of nowhere. The broad stock market, measured by Standard