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COVID-19 UPDATE: Good weekend data, and strengthens COVID-19 "surge" is over. Puzzling relapse in 5 states - VA, IL, MI, MD, PA

The narrative around COVID-19 and the US economy has become a bit messy in the past few weeks.  Since late June, daily cases were surging throughout the US and prompting many states to roll back some of easing measures.  And this in turn causes high-frequency economic activity to slow.  And in turn, this causes investors to rotate heavily into NASDAQ/tech/work from home vs epicenter/cyclicals.There were signs early last week that daily COVID-19 case trends were peaking, but as we commented la...

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