Uncharted territory to be sure, but it hadn’t even gotten bad yet. I would advise people to get into inverse ETFs - it’s still not too late as the bottom will be lower... the storm did not even begin.
At some point, get into regular ETFs for the climb back up.
The cruise industry may very well die a very painful death. Some airlines and airplane manufacturers like Boeing are going to feel pain. Knock-on effect for the energy industry.
Hotels, conventions and tourism...
A very bad torpedo hitting the global economy, the places mentioned above are only the locations of initial impact.
I’m in the SPXS for the foreseeable future and at some point will get into SPX - who knows when that will be. This is a huge ‘RESET’ button being pushed right now.
The problem with inverse ETF’s is that you have to accurately time/ID the bottom of the market and bail out. That is difficult to do when you are dealing with such unknowns.