COVID-19 UPDATE: 4 states daily COVID-19 case growth > testing - UT, AK, AZ and AL. 17 "early in barbell recovery" stocks from our team.

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.The S&P 500 managed to 2.2% gain week to date in a week where mass protests have taken place across >350 communities.  This is incongruous and we understand anyone who thinks the equity market is indeed ignoring massive social unrest.  These protests are the most widespread and resonating with the public so strongly, that one has to go back 50 years to find a similar time in history - 1968.  In fact, I am not sure there was ever a time in history where the President had to "check out" the fortified bunker, as this happened in this past week.But the fact is, the equity market is not a moral compass.  It is not choosing sides.  And it is not known for its sympathetic traits.  We did get incremental economic news that was "half-full" especially on the cyclical components of the economy.  American airlines increasing capacity this week is highlighting perhaps that Americans may be moving more quickly to a pre-COVID normal than we expect.  The big number is  the May payrolls r...

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