#1 seems the most likely imo. Why? Fundamental: pensions allocating from equities from bonds soon. Also millions will be infected with Rona in U.S. Technical: bounce of 50 rsi and MA's
Unemployment will hit 8-9%. Say goodbye to consumer spending.
Corporate debt is looking awful.... Ford downgraded to below investment grade! FORD! 44% of corp debt is BBB. Won't take much for the house of cards to come down.
FED will continue QE4... but what happens if inflation rises dramatically?
Even when businesses re-open, prices will go up to cover for gov sponsored rona-related loans and recoup lossess.
Demand for foreign currency rises. Then perhaps a bank run due to the ABSURD 0%-reserve requirements.