WFH - A Vaccine Is Coming: Time To Sell Tech Stocks At Bubble Valuations And Buy Recovery/Value Names
Many stocks can be categorized broadly as either COVID-19 Specials, ones that benefit from the pandemic, or Recovery Stocks, ones that will rally once a vaccine and/or herd immunity is reached and the economy is back on firm footing. We have carefully been monitoring COVID-19's spread, with obvious concerns about its recent re-emergence.
This graphic probably comes as a surprise to no one.
Since Memorial Day and the deterioration in social distancing, caseloads have spiked. Today now 42 states are seeing higher case counts (I didn't count PR or the Virgin Islands). In response to