COVID-19 UPDATE: Cash is the anomalous position. Key is whether NYC can manage the recent outbreak. Cruises plan to test 100% passengers. Why keep the ban?

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

STRATEGY: The most distorted position arguably cashOdds makers raised the probability of Biden win yesterday--> market rally due to Biden gain?Post the first 2020 Presidential debate, odds makers raised the probability of a Biden win.  As shown below, to bet on a Biden win, one needs to pay $162 to win $100.  This was $104 to win $100 on 9/1.  As you can see below, the odds rose for Biden since the debate.- Ye...

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