I agree with your assessment.

However, my concern is as follows - Europe is already under lock-down. In addition, U.S. has seen a big surge in Covid-19 cases in the recent past.

Even if the market hits the market, it's unlikely to prevent another slowdown. Possibly a double-dip recession.

The good news is that if there is another sharp slowdown, more money will be printed. That's positive for all risky asset classes.

You also mention oil in your video. I am bullish on oil for the long-term. Some high quality stocks in the oil and gas sector are trading cheap. The coming months would be a good time to accumulate.