COVID-19 UPDATE: Dr. Fauci cites study suggesting 50% of the US has T-cell immunity to COVID-19. Very positive if true.

Click HERE to access the FSInsight COVID-19 Daily Chartbook.

This week, the most important milestone we are watching is 3,393 on the S&P 500.  This represents the all-time high (ATH) established in February 2020.  If we close above this ATH, we believe our further upside is possible.

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How much further could the S&P 500 rise?  We have to give this some thought (over next few days), but here are the 4 cohorts within the S&P 500:- Bond proxies --> Growth stocks, Healthcare, etc. --> low rates means 'bond proxies' have price/valuation support- Defensives --> Low rates support price/valuation- Epicenter --> still in the "basement' and getting to Feb 2020 highs --> +200 points to S&P 500So, if we make ATH and bonds stay flat. Well, we can see +200 coming from the epicenter. This is 3,600 on the S&P 500.FYI, this 3,600 is pretty close to the target established by our Head of Global Portfolio Strategy, Brian Rauscher.  If you have not met him, he is known as 'Rocky' within our offices.  COVID-19 is a mysterious disease.  It has no known history and it has caused an economic collapse exceeding that of the Great Depression.  The future is uncertain and our data science team, led by tireless Ken, attem...

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