Delta Variant Likely Gives Market Transitory Panic, YE Target Increased to 4,600

Summary

- COVID-19 case trends have deteriorated as the Delta variant rises proportionally to existing strains.

- Our central case is now that 10-15 states (those with lowest vaccination rates) will see another parabolic rise in cases in the next few weeks.

- Importantly, we do not see a high likelihood of lockdowns in response to these elevated levels of infection as adverse outcomes will likely fall significantly as a portion of cases. Surge in vaccinations likely.

- Our strategy ...

Finish reading this report for free

Enter your email and we'll send the paywall-free report directly to your inbox

Articles Read: 0/2

By continuing, you agree to the Terms of Service and Privacy Policy.

In addition to your unlocked report, you will receive our weekly market newsletter Fundstrat Snapshot, as well as occasional updates and offers from Fundstrat Direct. You can unsubscribe at any time.

Get unlimited access to Tom Lee's Fundstrat research Subscribe
Already a member? Log in

More from the author

Disclosures (show)

Events

Trending tickers in our research