Even as public health officials have failed to stop the spread of COVID-19 and several states are considering the reimposition of lockdowns, the markets are trading well above 52-week lows and the S&P 500 is now within approximately 5% of all-time highs. While this inflation in asset prices has been welcomed by investors in the short-term, ignoring the systemic risks of prolonged lockdowns and the subsequent economic damage is not a sound strategy over the long run.
THE 375 PARK COVID MODEL CURRENTLY FORECASTS>8.2MN CASES AND A cCFR of 3.4% IN THE U.S. BY THE END OF OCTOBER.
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