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COVID-19 UPDATE: Hmmm... looking more like cases could rolling over in TX, IL and WI...10 reasons S&P 500 P/E expands into YE --> thus, raising YE Target to 3,800 (vs 3,525 prior).

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

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STRATEGY: Stocks are still a good risk/reward into YE, as P/E has tailwindsWe do not want to be "jumping the gun" but it does look more and more like COVID-19 wave 3 could be slowing.  Take a look at the chart below:- the 7D delta in daily cases has slowed markedly from >43,000 to <20,000- and daily cases in TX, IL and WI look to be rolling over (see Point #2)- is wave 3 peaking in the next few weeks?- this is way ahead of our base case of flu season lasting until mid-FebCOVID-19 is unpredictable.  So daily cases might be slowing in wave 3 stat...

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