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Continued Positive Trends In US, Earnings Strength Continues

In the past week, incoming news in the US was overall very positive. COVID-19 cases are legging down, apparently due to higher vaccine penetration. And the US economy is on track for a strong revival and full reopening by mid-2021. Earnings seasons is so far affirming this trajectory. Good news has continued to proliferate on the case front, the vaccination front, and the re-opening front. Perhaps the most salient example this week is NY Governor Cuomo’s announcement that NYC is likely to see full re-opening by July 1st.

Continued Positive Trends In US, Earnings Strength Continues
Source: Fundstrat, State Health Depts.
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