JEF - Markets Assertively Forecast The End Of The Coronavirus Pandemic

• Daily new coronavirus case counts in the U.S. have plummeted from their early January highs.
• Dallas Federal Reserve Bank's Mobility and Engagement Index for the whole U.S. shows March 2021 activity at the highest level since "lockdowns" were first implemented one year earlier.
• Retail sales are surging.
• Market volatility continues to move closer to historic norms, traditionally in the mid-teens level most of the time.
• Markets rarely suffer significant setbacks during periods of accelerating growth and inflation.

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