COVID-19 UPDATE: US economy staging a quiet but vigorous recovery. The latest GH survey suggests consumers might have "COVID fatigue"

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

STRATEGY: Equities on a "South Beach diet" -- only two foods -- elections + COVIDI realize equity markets are really on a strict diet over the next 30 days.  The only two things markets seem to be willing to consume are:- 2020 elections- COVID-19 pathEquities have been holding the line in the sand, with the S&P 500 holding the key 3,224 (62% retrace of June to Aug rally) and holding 3,363 which, if equities hold this level, tell us we have seen the pre-election bottom. We have written extensively about the market impact of elections, so I will not repeat myself this time.  In short, we see markets behaving pretty similarly post-election day, because the proposed policies of a Biden vs Trump White House will be 90%-95% similar.But on COVID-19, we have mixed messages.  And if I was to summarize some observations:- US COVID-19 daily cases are rising = bad- US COVID-19 daily deaths FALLING = good- Therapeutics seem capable of obliterating COVID, worked on Pres. Trump = good- US consumers seem to be less reactive to media headlines (see consumer survey below) = goodBased on the cases as a measure, COVID-19 is not heading in the right direction because cases are rising. Ok, they are up modestly vs 7...

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