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COVID-19 UPDATE: Worst 3-day stretch of COVID-19 data since late March, but markets take in stride. Updating “trifecta” epicenter stock list +3 names. 28 total.

June 26, 2020
COVID-19 UPDATE:  Worst 3-day stretch of COVID-19 data since late March, but markets take in stride.  Updating “trifecta” epicenter stock list +3 names.  28 total.

From a healthcare timeline, the past 3 days have been the worst since early March -- we have seen back to back record surge in cases, Texas "pauses" its opening, Disney delays indefinitely opening of Disneyland, and Apple closes more retail stores.  I mean, this is just horrific.  And we have not seen any news this week on the healthcare side.  And 2020 election race is becoming tighter and tighter.  In the face of this major setback, we have seen a 4% decline in equities, which reversed today into a 1% rally. 

This is quite interesting to us.  This is the worst stretch of news since the dark days of March -- a new all-time high in cases.  Yet:
- VIX barely budged
- Stocks fell for 1D
- If this happened two months ago, we would be expecting S&P 500 to be visiting 1,700 or lower

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