COVID-19 UPDATE: Daily cases 7D delta slowed last 2 days (weekend effect) but WIINSU still surges. College cases falling!

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STRATEGY: Big week aheadThis upcoming week is a biggie.  Equity markets have struggled with equilibrium (stability) in the past few weeks because of the upcoming 2020 Presidential elections coupled with surging COVID-19 cases (wave 3 here, wave 2 Europe).  The UK announced lockdowns Sunday, so it looks like policymakers in Europe are pursuing the same strategy.  Let's hope it works long term--in the short term, this will certainly cause cases to hit a wall.In the US, polls continue to show a sizable lead for Biden, even greater than Clinton in 2016.  So, prediction models based upon polls are pointing to a "blue wave" and betting markets show similar odds.  But at the same time, one cannot wonder if polls are accurately capturing what voters will actually do.  I think the best example of this is the wide disparity between the passionate and massive crowds for Trump rallies compared to the "socially distant" rallies for Biden.But the more relevant issue for markets is how markets might react to variant outcomes.  Because Biden is expected to win, this is what I view as the base case:  Scenario                      &nbsp...

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