Why one strategist is actually encouraged by a spike in new U.S. coronavirus cases
Posted on AllSides June 27th, 2020
From The Center
It is just the nature of the market that the coronavirus pandemic has forced every fund manager and analyst to become an amateur epidemiologist.
So here are some of the COVID-19 thoughts of Christopher Wood, global head of equity strategy at Jefferies. He is actually encouraged by the latest week of coronavirus data that has seen cases spike outside of the New York metropolitan area.
He notes, for example, the median age of new positive cases in Florida has declined from 50 in April to 33 in recent days, and...