JPM: We had thought a deceleration in viral case growth rate could help calm investor anxiety, but we are surprised to see markets rebound so quickly
Over the past week, the growth rate fell from a 50% day-over-day 5-day average to near 20%. While that represents a meaningful decline, it does not yet confirm the success of the policies implemented to contain the outbreak, which in turn leaves uncertainties about the ability to reopen manufacturing facilities