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There were some very short lived flare ups last week with very little staying power. The first one I previewed above. That being the shift to defensive investing last week as worldwide Coronavirus cases spiked to a new high. And yes, there were modest signs of an increase in the States.
This had some investors moving towards a Risk Off investing approach with the most conservative names doing well. And the most aggressive names doing the worst. (And many of the names that benefit from the Coronavirus fading away also took it on the chin like restaurants, airlines, cruise lines et).
