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XRT - Weekly Note June 22 2020: Mixed Signals Are Just As Bad In Markets As In Dating
SPDR S&P Retail
Good morning and welcome to the last full week of the 2nd quarter. New virus cases are emerging in select states that never saw much contagion during peak-quarantine, and that is starting to show up in put/call ratios. It is becoming a question of the virus reemerging versus simply continuing to make its way through the rest of the country as testing ramps up and people start returning to "normal". Perhaps the best characterization I've heard recently of the current state of affairs is "it's choppy. No one's right." I'm not sure if he was