The Optimist View

Barry Sternlicht, billionaire and Chairman and CEO of Starwood Property Trust, was on CNBC on yesterday morning and presented a hugely positive and optimistic view of the current situation.

Yes, this is a serious situation, and Yes, economic growth and corporate earnings will be severely impacted in the short term.  But, he cited that China appears to be close to normalization.  He mentioned that Apple is opening their 44 stores in China and Disney is re-opening their park there.  He fully expects this to be a “V” recovery where GDP growth in Q2 will approach 2.5-3.0% and the markets will follow that trend up.

See the full video clip and story here: https://www.cnbc.com/2020/03/13/barry-sternlicht-stock-market-is-going-to-come-ripping-back-quickly.html

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