We believe that one of the reasons that our firm’s holdings have rallied strongly over the past month is due to the growing market awareness that further US economic shutdowns are not feasible and are, in fact, highly unlikely to be re-imposed. Yesterday, the White House admitted the same. The attached article explains the White House and their newly revised outlook on further covid shutdowns. We want our clients to know that the era of Covid is, effectively, over. Even those for whom Covid was a convenient political tool are admitting as much now.
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