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Progress in the COVID-19 Battle; Opportunity in Epicenter Stocks

This week saw progress in the US on two fronts: first in healthcare (potential vaccine being developed by Moderna (MRNA) and others) and steps forward to re-open the US economy. However, a return to normalcy is more than retail openings and outdoor dining; it is as much about sports, traveling, business travel and entertainment. There will be a short-term cost to meet new compliance, and procedures initially will seem inconvenient. Over time they likely will become part of the new normal.

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