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COVID-19 UPDATE: Positive reversal in stocks in face of "bad news" not a sign of equities topping.

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STRATEGY: Monday positive equity reversal is a sign of "lots of gas left in the tank"
For anyone watching equity futures overnight (Sunday), it was looking very foreboding with all the major equity indices down >2%.  The 'ostensible' reason is fears over the 'potential new strain' and 'more contagious' strain of COVID-19.  But stocks were weak on Friday and the Sunday overnight weakness, arguably, was simply follow through.

The video in this report is only accessible to members

Source: Reuters

The "UK new strain" is more common in London but its high prevalence is not necessarily due to being more contagious
This newly discovered COVID-19 strain in the UK has 28 mutations.  And it is showing up more commonly, which is the reason there is conjecture that it is more transmissible.  

The video in this report is only accessible to members it is also possible that this increased prevalence is simply a result of human behavior as well.  As Dr. Cevik is q...

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