The major large-cap indices continue to hover near record highs despite recent increases in reported COVID cases in some U.S. states. The market has so far shown limited sensitivity to what would normally be regarded as very bad news, but many investors fear this resilience cannot last. In this report, I’ll make the case that even if the market suffers a short-term setback from the virus-related news, the decline will almost certainly be short-lived and can be viewed as a buying opportunity for market participants.
After what started out as a strong upside day for