Were we all wrong about COVID-19's impact on the overall market?

[Jason Chen]

S&P 500 maintaining steady, only 13% or so away from all-time highs. Less and less panic buying of toilet paper and paper towels at the grocery store. 2nd or even 3rd round of stimulus checks coming. Perhaps the real estate market overall in the US will only take a minor hit that will last for 12 months tops?