My Favorite COVID-19 "Safe Haven" Plays Are Moving This Week
June 17, 2020 at 05:00 AM EDT
American retail sales had their biggest monthly jump ever, soaring 17.7% in May and adding some "oomph" to a rather tepid stock market rally. The jump was mostly driven by thousands of retail stores and restaurants reopening after months under lockdown. But the thing is, the future of retail and the entire economy is very uncertain right now. Even though, after the initial "coronavirus crash" in March, investors seemed to shrug off the pandemic and all its economic destructiveness in April and May. Since then, states have reopened their economies and people have resumed their daily lives. And now, we're seeing some troubling signs that COVID-19 infections are surging in places like Texas, Arizona, California, and Florida. That's provoked a psychological 180 among investors. They're suddenly very concerned with the pandemic's progress, so much so that they sent the big indexes tumbling by high single digits last week in the biggest losses since March. That disconnect - the contrast between a piecemeal public approach toward virus containment measures and the markets' sudden concern over new infections after months of ignoring them - is in fact a "Reality Gap" that we can leverage for big profits this week. The post My Favorite COVID-19 "Safe Haven" Plays Are Moving This Week appeared first on Money Morning - We Make Investing Profitable . Here's D.R. to show you how... Tags: trading strategies To get full access to all Money Morning content, click here About Money Morning: Money Morning gives you access to a team of ten market experts with more than 250 years of combined investing experience – for free . Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors. Disclaimer: © 2020 Money Morning and Money Map Press. All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. 16 W. Madison St. Baltimore, MD, 21201.