July 10th, 2020

It’s the end of a first full week in which I’ve done this thing by myself. It’s certainly helping me plug in more deeply into the news and markets. I hope you’re finding this useful or enjoyable, or both! Feel free to write in with feedback, comments and suggestions if any. Today’s chart brings us back to daily COVID-19 cases in the U.S., which hit yet another record on Thursday, with 60,565 new cases per one tally. A steep rise in daily number of cases since mid-June has also coincided with a steady outperformance of the tech-heavy NASDAQ index (up a net 10.6% since Jan. 21) in the U.S. against other major indices. Perhaps a play by investors who think a return to lockdowns will only buttress the dominance of Big Tech?