MoneyMasters Podcast 3/6/25: Did the Pandemic Permanently Change the Markets?

Mike Larson | Editor-in-Chief

Nearly five years ago, the COVID-19 pandemic reshaped the world in ways few could have imagined. Lockdowns, economic turmoil, and unprecedented government interventions sent shockwaves through financial markets, forcing investors and policymakers to navigate one of the most volatile economic periods in modern history.

But what if the pandemic’s economic impact is far from over? What if its shadow lasts for decades, just as we’ve seen with past pandemics? In this MoneyShow MoneyMasters Podcast episode, David Kotok, co-founder and chief investment officer of Cumberland Advisors, joins us to discuss his latest book, The Fed and the Flu.

He unpacks how pandemics and economic shocks have reshaped markets, interest rates, and central bank policy over centuries — and what investors can expect moving forward. Drawing from 3,800 years of history, Kotok reveals the hidden patterns of pandemics, the long-term market shifts they create, and why investors who ignore these cycles do so at their own peril.

To learn from experts like David, join us for the 2025 MoneyShow Masters Symposium Miami, happening May. 15-17 at the Hyatt Regency Miami. Click here to register.

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  👉️ TICKER: AGCO
  The world is not coming to an end. It is starting to reprice, though, and the excesses will be disgorged. I told you the Mag 7 was the same as the Nifty Fifty. There is nothing new under the sun. Meanwhile, I like Agco Corp. (AGCO), says Kelley Wright, editor of IQ Trends.

• VWIGX: An International Fund for this Evolving Market
  👉️ TICKER: VWIGX
  The amazing pace of news from the new administration since January 20 has stunned analysts and investors alike. Among the array of new policy items, the threats, implementation, and potential effects of tariffs have been the most disruptive. One fund I like here is Vanguard International Growth Fund (VWIGX), says Brian Kelly, editor of MoneyLetter.