US Cases Plateau? Retail Interest Grows, Epicenter Attractive

In the past week, US daily coronavirus (COVID-19) cases surged to record highs, 500,000 per week, yet stocks are holding up. In early June, daily US caseload was about 18,000 but it is about to surpass 70,000, a nearly 4X increase. This surge has caused states to pause and even rollback easing of the economy. If you are confused, I can think of a few reasons why equities have managed to rise in the face of this:

– Markets are distinguishing between infection rates and “confirmed cases”...

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