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Energy Stocks Have Major Implied Upside, Sideline Cash Grows

Vaccine “lotteries” appear to be incentivizing vaccinations and are gaining favor in several states. States have been trying to boost vaccine adoption after a recent slow-down. Given that vaccines are being shown to be effective, increasing vaccine penetration boosts the overall immunity of a community. Ohio was the first when they announced their “vax-a-million” on May 13th. And it has been a runaway success. In just the first week, vaccines have increased by 28%! Five other states have joined including California, New York, Maryland, Oregon and Colorado.

There is thankfully good news from India on COVID-19. The imperiled nation is showing demonstrable progress in cases rolling over and they are now down 50% from the peak. This is removing one of the major sources of tail-risk for the global economy; that India and it’s massive economy would again be brought to a standstill by COVID-19. Ten of ten regions in India are now rolling over.

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