COVID-19 UPDATE: Consumer easing "fear" of travel way faster than consensus. More reason to favor 14 travel-related "epicenter" stocks.

It is pretty surprising how the world adapted to this new COVID-19 "normal" and in the US, accepting wearing masks, keeping social distance and avoiding risky behaviors, are parts of this new normal.  And the future remains uncertain.  In fact, nobody really knows how the COVID-19 timeline finally "concludes" -- hopefully, it is via a cure or a vaccine, or the virus mutates into something benign. 

What is true, is the World's understanding and adaptation to COVID-19 is rapid and this positive self-reinforcing dynamic is what will lead to rapid repair.  We have written previously about how corporates rapidly shed cost after the GFC and re-attained peak EPS with 10% lower sales -- and we see this happening in this cycle as well. 

But the bigger story is the adaptability of the US consumer.  Even Scott Gottlieb, the former FDA Commissioner, noted on CNBC today that he did not expect the US to shut down again, in the event of a second wave.  Rather, the US consumer simply lives with the virus.  

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Source: CNBCThere is rapid recovery around consumer travel bookings and rapidly diminishing fear around travel.  Our commentary below cites ongoing surveys by Destination Analytics and ADARA analytics.  And both show resilience in l...

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