This talk of opening by Easter is fantasy imo. The latest Italy numbers came out today. 16 days into a national lockdown they're having more new daily cases than recent days, second highest so far, and deaths have plateaued for the last few days just below the peak. So they've halted the exponential spread, but they're still a long way to getting to near zero daily new cases, which is surely the smart goal to reach before opening up everything. Hard to say how long the total process would take, though China's charts may be a model there. A national lockdown of 5 weeks might do it, whereas Trump in the US is pushing essentially partial lockdowns for 3+ weeks.
I wonder if the market is pricing in an earlier return to normal than seems feasible.