COVID-19 UPDATE: TX and FL do some useful 'course correcting' on their opening. Median age of FL case is 37.5 vs 66.5 in March, explaining fewer hospitalizations

Equity markets traded sloppy on Wednesday, opening higher but ultimately selling off into the close, potentially due to messy allegations raised in former White House National Security Advisor John Bolton's forthcoming memo ('The Room Where It Happened'), given the potential implications for 2020 elections.In addition, both Texas and Florida took steps to address the rise in COVID-19 cases seen in their state.  Texas Gov. Greg Abbott is doing some 'course correcting' issuing a directive to bars/restaurants to comply with their state guidelines on 'Open Texas' --this is to address the sustained rise in recent days (total 3,129 vs distorted 4,098 yesterday) and is discussed more fully below.  Similarly, Florida Gov. Rick DeSantis provided some detailed specific case and demographic information on its recent surge in cases (discussed more fully below).The common thread is that both states are noting the majority of the increase in cases is from younger adults (vs seniors or nursing home residents) and in many cases, asymptomatic.  And instead of rushing to reverse the easing of restrictions, both states want to move forward but want to adjust their plans to reflect the rise in cases.  In the case of Texas, even mayors are requesting the right to require masks (c...

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