Markets Seem Poised For ‘Risk-On’ as Data Improves

As we finish the second week in February, the developments in COVID-19 have been largely positive. Notably, yesterday the White House signed the purchase agreement to secure an additional 200 million doses of COVID-19, bringing the total to 600 million by July (enough for 200 million Americans). 1.5 million vaccines were given this week vs. 1.2 million last week. There has been nearly a 20% drop in the positivity rate compared to seven days ago. Yet there seems to be a persistently negative public perception compared to many of these positive developments.

We have been monitoring organic case trends which have been very positive, despite the surge in more virulent mutations. Even in the nations where these strains originated, cases seem to be significantly collapsing. So, we are definitely experiencing a sustained organic trend in the right direction. At this rate, we could very well see less than 50,000 new cases a day by the end of February and half that by the middle of March. We’ve now seen 31 consecutive days of case decline.

You are trying to access FSI member-only content.
You need to have an active FSI Macro, or FSI Pro subcription in order to read this article.
If you are already a member at FSInsight, please Sign In here. If you don’t have a subscription to FSInsight yet, you can sign up below.

Choose one of our yearly plans to save nearly 15%

We accept crypto via BitPay for yearly subscriptions.
    • Macro
      FSI Macro
      billed anually
      Get access to all the macro research on FSInsight
      • Tom Lee's First Word
      • Tom Lee’s Equity Strategy
      • Stock Lists
      • ETF Sector Allocation
      • Wall Street Whispers
      • Signal From Noise
      • Technical Analysis
      • US Policy
      • Fed Watch
      • Live Webinars with Q&A
      First Month Free!
    • Crypto
      FSI Digital Assets
      billed anually
      Get access to all the crypto research on FSInsight
      • Crypto Daily
      • Crypto First Word from Tom Lee
      • Crypto Blasts from David Grider
      • Crypto Weekly
      • Crypto Technical Analysis
      • Bitcoin Valuation
      • Bitcoin Misery Index
      • Live Webinars with Q&A
      • -
      • -
      First Month Free!
    • Macro + Crypto
      FSI Pro
      billed anually
      Get access to all the exclusive research on FSInsight
      • Looking at code?
      • I am hidden!
      • -
      • FSI Macro
      • +
      • FSI Digital Assets
      • Designed by
      • HANGAR115
      • -
      • -
      First Month Free!

More from the author

Disclosures (show)

Don't Miss Out
First Month Free

first 500 users only

FSInsight logo
150 East 52nd St, 3rd Floor, New York, NY 10022

Subscribe to our Free Weekly Report

An insitutional-grade report delivered to your inbox every week.

© 2021 FSInsight. All rights reserved. Developed by HANGAR115.

Illustrations by Karl Wimer.