Big Tech, Tracking Data, Tropical Storms And TikTok – Weekly Market Notes August 3, 2020

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The stock market continues to balance concerns about the sustainability of the economic rebound as COVID-19 cases surge versus more good news on treatments and vaccines for the virus.

We believe that based on the May and June economic data, we are in a recovery but expect to see a slowdown due to the virus resurgence.

A near-term slowdown in the economy and stock market technical data both suggest short-term caution.

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