It's going to be a very, very interesting next six months:

1) COVID-19 cases are now climbing in approaching half of US states with the relaxing of government restrictions. The US is forced to re-open given the econmic damage and not because it has control of the virus. The large-scale 'Black Lives Matter' protests also risk further spread that could become evident over the next few weeks.

2) Flu season typically strikes from October to March. We could see double-trouble this flu season given influenza and COVID-19 may both be circulating at the same time. The second wave of the Spanish Flu is what did the greatest damage during the last pandemic.

3) The long-term dangers of COVID-19, including potential organ damage, are becoming more recognized. Children are also at risk. This is not a virus you want to tolerate getting like the flu. We also don't know what happens when people are infected a second and third time, etc., by COVID-19. People may be increasingly paralzyed by fear of this virus. With the majority of US citizens either in a high risk group or living with someone in a high risk group this is an issue.

4)  The economic damage from the historic collapse in GDP is starting to roll through the system in insolvency. While the stock market has had a v-shaped recovery given the unprecedented liquidty the economic recovery risks not being so robust leaving potential catastrophic economic damage given the record debt, etc.

5)  The US election is in November. Trump''s former right-hand man, Michael Cohen, questions whether Trump will leave the office peacefully if he loses. Biden is also raising the issue today. This could also be one of the ugliest elections in US history. A move to Biden also risks big policy changes affecting business. Given the out of control deficit there may be a move to reign it in early in the next administration