The Corona Recovery Playbook

The shape of market recoveries, early cycle sectors and asset allocation

Crosscurrents Cause a Pause

Before we get to the Corona recovery asset allocation playbook, this was a week of exceptional crosscurrents. Serology tests from Los Angeles and New York implied a mortality rate at least 10-fold lower than the US confirmed case rate. Three-day averages for new cases and deaths in the US epicenter of New York are in an unmist…