COVID-19 UPDATE: Biden admin warns of "immune resistance" COVID-19 strains, even as case trends improving. Steepening yield curve = tailwind Epicenter stocks

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STRATEGY: Steepening yield curve(s) signaling cyclical economic strength ahead
Despite improving COVID-19 case trends, US policymakers don't want anyone to "drop their guard"
Dr. Celine Gounder, a member of the Biden-Harris Transition COVID Advisory Board, warned the viewers on CNBC that new strains of COVID-19 could "even escape the immune response."  And presumably, Dr. Gounder is speaking on behalf of the White House.

My high level (probably wrong) takeaways:
- White House communicating COVID-19 trends not improving
- Probably to keep Americans from "dropping guard" and getting careless
- But this also contributes to a widening perception vs reality gap

But "buying time" is a smart strategy, to the extent that vaccination penetration of the US is soaring (see below).  About 10% of the US is vaccinated, and 42% of the US >10% vaccinated.  Not at Israel levels yet, but improving.

 

The chart in this report is only accessible to members
Source: https://www.cnbc.com/2021/02/04/biden-covid-advisor-new-covid-strains-may-escape-immune-response-.html Sanity check #1 --> US cases could be <50,000 by Valentine's Day Here is a summary of current trends in US COVI...
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