COVID-19 UPDATE. As NY/NYC plurality of evidence pointing to "apex" already in, investors need to see "half-full" arguments

We realize some are finding these updates helpful, and feel free to forward to those who have interests in these updates. It's Sunday night, and unlike the many nights of the past six weeks, there is a diminishing sense of dread about the next day.  For whatever reason, there were a couple of positive developments that seem to have happened on Sunday.  Among them, NY state posted a notable drop in hospitalizations and deaths, sufficient for Gov. Cuomo to cite what I perceived as a positive tone.  And the White House briefing this evening also cited that cautious optimism that healthcare resource utilization is tracking even better than their optimistic case.  And in Europe, Italy and Spain are showing sustained improvements in the drop in daily new cases. Perhaps the UK remains somewhat of a concern as new cases surge there and PM Boris Johnson required hospitalization. The UK was slightly later in mandating strict social distance measures. But let's look at the improving complexion of the data. POINT #1: NY State / NYC showing sustained improvements and possible NYC already peaked on cases but deaths should lag... We wrote an earlier brief today on NY state so we will not repeat ourselves but the high-level observations were.  The developments were su...

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