Click HERE to access the FSInsight COVID-19 Daily Chartbook.
For the week, we are going to be publishing on a shortened holiday schedule:
Week of 12/27...
STRATEGY: Wave 3 seems to be rolling over = catch-up trade for Epicenter coming...
President Trump signed the relief bill late Sunday evening (8:15pm). This is an obviously good development, as this will deliver much needed aid to millions of Americans. While $600 per person is short of the larger amount many wanted, this is still a good thing.
The good news is COVID-19 seems to be definitively turning the corner, sufficiently that Dr. Scott Gottlieb (thanks @apegator) even commented that he sees "signs new daily COVID cases may be peaking nationally." As our clients know, this potential turn in the data has been visible for >14 days now, but everyone has been tentative in calling this a turn, given we are in the midst of the holiday season (and the midst of social gathering).
- but I see this as a persuasive sign that Dr. Gottlieb sees enough evidence to call the turn