COVID-19 UPDATE: Texas reports massive >3X rise in cases, but state changed re-classification of prison cases, double counting?

There are ever growing signs of "V" across a constellation of US economic data, with today's retail sales +17.7% growth (vs +8.4% consensus), the latest example.  The plurality of investors expects the US economy to stage a sluggish/lumbering recovery, and these "V-shaped" rebounds represent upside surprises.  And more importantly, the stock market's +45% gain since 3/23 implied the equity markets were suggesting a vigorous recovery was underway, and now the incoming data supports thi...

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