COVID-19 UPDATE: If markets pricing in "worst is yet to come," 62% retrace, or S&P 500 3,224.50 is the key level. US schools and colleges have surprisingly low confirmed infection rate.

Click HERE to access the FSInsight COVID-19 Daily Chartbook.

STRATEGY: Is "worst is yet to come" or are markets trying to price "second wave"?For the past three weeks, equities faltered as a renewed set of concerns has undermined the generally positive narrative around equities, and more importantly, is building a heightened sense of dread heading into critical election day (11/3).  Collectively, the set of rising worries results in a sense that the "worst is yet to come:"- Europe ...

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