COVID-19 UPDATE: Nationwide protests have effectively cancelled all "shelter at home" restrictions. 2020 might be more "shattered" than 1968. Like 2020, in 1968, stocks disconnected from "mood of America"

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.Protests erupted across the US, in response to outrage over the death of George Floyd.  And the protests are so widespread, nearly 40 cities in the US have imposed curfews.  Most of the protests are peaceful, but there are reports of looting and violence as well.  What is becoming evident is the mood in America has underlying simmering anger, about the restrictions borne out of the COVID-19 pandemic, political divisiveness, and now senseless death of individuals from perceived abuses of law enforcement tactics.  Tom Block, our head of Policy Strategy, even emailed the firm over the weekend, commenting on the widespread and passionate protests reminded him of 1968 -- then, he was a college student and interning on the Hill.  One of the implications was the permanent damage to many cities and even DC had burned buildings and neighborhoods that did not get repaired for years.  We wrote about 1968 below (see Point #2) and it was called the "Year that shattered America" -- it was that bad.  An...

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