Discounting a Vaccine

(1) Lots of important known unknowns about the virus. (2) One big known known about the Fed. (3) People are starting to socialize and party like the virus is gone. (4) Stock market is rallying like a vaccine is coming soon. (5) Q2 is so yesterday even though June hasn’t even started. (6) Railcar traffic remains depressed. (7) TSA screening more passengers. (8) Urbanites seeking suburban homes. (9) Signs of a bottom in NY, Philly, and Dallas. (10) Copper price moving up recently. (11) Woodstock and the flu of 1969.