An imminent second COVID wave remains a serious threat, but it may be fully priced in by now.
There are both bad and good things happening, but what I see is the mass media focusing more on the negatives.
Analysis of hospitalization and mortality trends is presented; reasons for concern but also significant improvement in death rates is a positive.
Beyond a COVID second wave (or not), the SPY was at a high valuation when the recession hit; its recovery to $300 may be too sharp and steep.
Safety in safe income and reasonably-valued dominant companies that can grow in these difficult times are this retiree's choices for capital allocation.
First, a comment on COVID-19: safety first
The most important thing I can say is to be appropriately fearful of COVID-19 and the virus which causes it.
Th virus is bad news no matter whether