COVID-19 UPDATE: Closer look at 13 states open prior to 5/1. Alabama rise not "second wave" as curve never flattened. Boomers control 76% of retail wealth and are bearish.

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.

US deaths attributed to COVID-19 has now exceeded 100,000.  This is a senseless tragedy, killing 100,000 Americans in just a few months. The pace of American deaths is slowing, fortunately. And has been trending ~1,000 from >2,500 daily at its peak levels only a month ago.

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Source: COVID-19 tracking projectThe pace of openings (all 50 states have eased restrictions, at different paces) and the pace of healthcare progress (both vaccines and treatments) has been encouraging.  But with greater movement, the greatest risk is a "second wave" / super spreader event caused by the increasing movement.  So today, we took a closer look at the 13 states which have eased restrictions prior to May 1, 2020 (>3 weeks) and this is discussed below.  The good news not a single state is showing evidence of a second wave in COVID-19 confirmed cases or hospitalizations.  And 13 of the 13 have ramped up testing since opening, so case figures should actually be rising. Alabama has seen cases increase sin...

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