Nowcasting is what your inbox is being flooded with from investment bankers and wealth managers. Try to ignore them. Everyone has their model and assumptions. Goldman Sachs first modeled a 20% dip in US GDP for Q2, then revised it to 35% down. I’ve seen other equally sophisticated models predict 50%. It’s all Nowcasting, slightly useful directionally, but imprecise as to numbers. Unless you’re an active market maker or finance researcher, it’s not very emotionally healthy.