COVID-19 UPDATE: Winter just starting, so the risk of COVID-19 remains elevated until Spring. High-yield saw upside breakout Friday

Click HERE to access the FSInsight COVID-19 Daily Chartbook.

STRATEGY: Winter just starting, so the risk of COVID-19 remains elevated until Spring
Wave 3 is unfolding in the US and the source of case growth is changing. From Sept to Oct, this surge was in the 22 states previously unscathed in Waves 1 and 2 (led by WI, IL, ID, ND, SD and UT, or WIINSU).  But now as shown below, it is being led by the NY tristate (ex-NY) and by wave 2 states, FL, CA, AZ, TX, or F-CAT.

Source: CO...

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