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COVID-19 UPDATE: TX surge arguably "head fake" as 186 counties had ZERO cases past weekend, and +4,574 today. Cyclicals waiting for F-CAT peak

STRATEGY: Epicenter stocks struggled since June 9, exact day USA cases bottomed...
Despite equity markets making gains in the past few weeks, it has felt awfully "defensive" with FANG and secular growth stocks leading.   In fact, as this chart below shows, this infection towards FANG started on June 9, 2020.  So, this has been taking place for the past month.


Source: FundstratI can think of multiple ways to explain this leadership:- "momentum" strategies favor what is working- bond ...

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