SPDR S&P 500 (SPY): Los Angeles is about to go into a lockdo...

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Tuesday, 11/24/2020 3:36:43 PM

Tuesday, November 24, 2020 3:36:43 PM

Los Angeles is about to go into a lockdown just like in March. A while ago they set levels of cases that would auto trigger responses. Sunday they reached a 5 day average of 4,000 cases, which auto triggered closing all dining areas of restaurants, takeout only. I think that's supposed to start tomorrow. Yesterday the 5 day average surpassed 4,500 cases, which was supposed to auto trigger a full lockdown, only essential employees are to leave their house. I'm not sure when that will go into effect.

I believe New York is considering the same thing right now.

My macro story alarm bells are just going off about this recent rally.

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