The S&P 500 managed to gain almost 2% last week, buoyed by the reopening of various states and even certain counties in California. The county I live in opened restaurants, bars, and salons last week, essentially leapfrogging into an expanded stage 2 reopening as laid out in California’s reopening road map.
California Reopening Stages
(Source: COVID19.CA.GOV)
COVID-19 cases continue to increase in the US, and last week accounted for the highest number of cases in the last six weeks. One could point to the fact that with more testing, there will be more