MGIC Investment Corp. (MTG): WITH COVID-19 CASES IN FREE FALL PMI COS...

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tommiegun54

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Sunday, 01/24/2021 10:15:13 PM

Sunday, January 24, 2021 10:15:13 PM

WITH COVID-19 CASES IN FREE FALL PMI COS ARE SET TO RALLY LIKE IT'S 1999

"The stock market is in risk-on mode as a sharp decline in COVID-19 cases means a big economic surprise is possible, Fundstrat's Tom Lee says
Matthew Fox
Jan. 24, 2021, 08:45 AM
"We are now seeing the strongest string of COVID-19 declines that was not seen since Wave 2 ended over the Summer," Lee explained.

A sharp decline in COVID-19 cases is leading to a newfound risk-on mode for the stock market, Fundstrat's Tom Lee said in a note on Thursday.
The bullish groundswell in stocks is evidenced by a rally in high-yield bonds and declining volatility.
If the COVID-19 downturn continues, a quicker-than-expected opening of the US economy would represent a big upside surprise for the market, Lee said."

https://www.google.com/amp/s/markets.businessinsider.com/amp/news/stock-market-outlook-covid19-downturn-risk-on-mode-economic-surprise-2021-1-1029996569