This week’s Bespoke Report newsletter is now available for members. Below is the opening excerpt.
The areas of the country where Covid case counts are currently rising the most are in Florida, Texas, Arizona, and California. So much for the heat keeping the virus at bay! On a day when Governor Cuomo thankfully ended his daily coronavirus press briefings, the stock market is once again focused on the daily case count numbers in other parts of the country. At least for most of the week, the market managed to shake off increased attention on case numbers. The S&P 500 was up 1.9% this week while the Nasdaq 100 rose 3.5%. Health Care, Materials, Tech, Consumer Staples, and Communication Services all rose more than 2%, while Energy was down 0.6% even though the oil ETF was up 6.8%. Outside of the US, China and India were up the most while Brazil, Spain, and Russia were in the red.
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