COVID-19 QUICK TAKE: Why today's White House news marks positive turning point for COVID-19 compliance = good for markets

Equity markets are reeling this AM from the news of President Trump testing positive for COVID-19.  And if you ask me why stocks are selling off on this, this is what comes to mind:- if Trump's illness progresses for the worse, the 2020 election process becomes unclear -- will it be delayed? contested? who is running?- leader of the free world is weakened, raising risks from enemies of the USBut this is the "knee jerk" reaction.  And it is an understandable reaction because it is simply coming at the worst time for the election process.  We are <35 days from election day.  And this would be an entirely different story if this were in the Summer.But I think this is going to be a positive development for the path of the COVID-19 in the US.  Hear me out:- foremost, Trump getting sick repudiates those skeptics of the needs for masks, PP&E, and social distance- this should boost compliance considerably and make many rethink masks, especially since we know a lot more staffers will get infected- this would help contain the recent surge in cases and might even push further down the path of cases- if Trump's illness progresses worse, this only fortifies this logic. Succession is a question but the US has a succession plan in placeOn the other han...

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