COVID-19 UPDATE: USA daily cases ease -1,516 to 19,785. Connecticut opening 5/20/2020 carries greater significance given heavier Wall Street presence.

COVID-19 remains a global crisis and we realize that many people need to keep up with COVID-19 developments, particularly since we are moving into the more critical stage ("restart economy"), so feel free to share our commentary to anyone who has interest.Tuesday developments around COVID-19 were muted relative to the major events of Monday (Moderna + Powell).  Surfacing to the top are the revelation President Trump has been taking HCQ (hydroxychloroquine) prophylactically and Michigan announced a new timeline to open the northern regions of the state (more vacation areas).  But the "sleeper" milestone is likely the fact Connecticut (CT) is set to ease widespread restrictions on Wed 5/20/2020.  Among this first phase of opening: restaurants (outdoor dining), retail + malls, hair salons, museums/zoos, and offices.CT is the first NY tri-state to reopen and is also domicile for many financial industry players (both residents and offices).  Therefore, much of Wall Street's perception of this crisis is shaped as much by NYC as it is by the widespread restrictions in Fairfield County (home to Greenwich, Darien, New Canaan, Westport and other tony suburbs of NYC area).  Parks in many of the counties opened several weeks ago, but the opening for commerce is quite a milestone and co...

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