Sequoia Capital's Medium blog publishes venture capital memos to founders, startup advice and portfolio company technical posts.
HN links its Covid memos to portfolio founders when discussing the economic effects of the pandemic. The given comment gives no opinion of the blog.
Hopefully the collapse in lobster sales is just an isolated example in a relatively small sector of the economy, and not a portend of things to come.
If more companies are forced to shut down or cut/postpone spending in response to sharp drops in revenues, their suppliers and employees will react by cutting or postponing their own spending, leading yet others to do the same, in the worst case fueling a sudden and self-reinforcing feedback loop of global contraction in economic activity.
It's possible that stock markets worldwide are now pricing such a scenario. Let's hope it doesn't get that bad.
But hope is not a plan. Please make sure you're well positioned to survive a sharp economic downturn, just in case!
See also: https://medium.com/sequoia-capital/coronavirus-the-black-swan-of-2020-7c72bdeb9753