MRB on Unseen Opportunity – May 1, 2020
Analysts have been waiting on a widespread treatment solution for weeks now. MRB Partners strategists Phillip Colmar and Santiago Espinosa, prior to the announcement, suggested that a medical breakthrough is necessary if the U.S. economy is to fully re-open.
“The sharp relief rally in equities has now moved ahead of underlying fundamentals, leaving room for near-term disappointments,” the strategists said in a note to clients.
“Many authorities are looking to reopen their economies but doing so safely and to near previous output levels will require a series of medical breakthroughs and widespread distribution of the treatment.”