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COVID-19 UPDATE: Third time is the charm --> stocks finally react properly to vaccine news. Yellen pick for Treasury Secretary = market friendly

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

HOLIDAY WEEK: Due to the Thanksgiving holiday, we are only publishing our COVID-19 BLAST updates on the following days:
- Monday am
- Tuesday am
- Wed am

No more reports
- Thursday and Friday --> Thanksgiving

STRATEGY: "Violence of action" in epicenter demonstrates investors underweight
It looks like Wave 3 is rolling over.  The 7D delta is lower on Monday compared to the past few weeks and would have been lower except for distortions from WA and OH (see Point #1).  But with the holiday season and family gatherings, this rolling over of Wave 3 might be temporary.  Keep in mind, CA is micro-Wave 3 -- the surge in that state is due to areas seeing COVID-19 that were spared in Wave 2.

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Source: COVID-19 Tracking and Fundstrat  Third time is the charm -- stocks finally react to vaccine news...The arrival of "holiday season" (Monday before Thanksgiving to YE) heralded solid gains in equities, as the AstraZeneca COVID-19 vaccine news plus the Regeneron antibody approval, was a double-whammy that reversed the growing skepticism.  After the close, media reports confirmed that a potential Biden administration plans to select Janet Yellen as Treasury Secretary.  No doubt, we...

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