I think this analysts projections for the third quarter are way off. Businesses and production should be restarting in the third quarter and the economy will explode with pent up consumer demand.
That's certainly optimistic. I hope you're right, but I fear you're not.
Unemployment numbers are swelling, massively. Lots of businesses are done, in spite of promised stimulus and loans. And the hardest-hit is going to be the developing countries that don't have good health infrastructure, enough medical staff even in normal circumstances, or money to compete in the bidding war for PPE and medical supplies. This matters because those countries are important markets for some US businesses, which means their stock prices, capital expenditures, and hiring are all going to remain stagnant.
You're right that there will be some pent-up demand, but consumers also spend less when they don't have jobs or when they're less optimistic about the economic outlook, and this has really shaken people's faith in the economy.
funded by the government $1200 stimulus checks.
Most people need those for food, rent, and bills. Even people who still have their jobs are probably going to use that money to pay down debt, rather than going out and buying a new phone or GPU.
Personally, I'm much more focused on investing than spending. A down market is the best time to get in, if you have any money to spare.