The chart predicted this before the virus

Compare the lead up to 2009 and 2020.  We were headed for a down turn. Rates already cracking and repo QE already begun.

McConnell already has a list of bailouts for the small states, and Nancy plus AOC already prepared with their list of bailouts.  The virus was a convenient market, but the markets fully expected a bailout twice the size of the bailout last time which was twice the size of the previous bailout.