I was out in the black hills and deadwood 3 weeks ago - not many masks, I dont know how they do it. i dont know if they're still doing it, but a couple months back they were giving hydroxychloroquine to all the patients.
I don't like that trade at all. The shocks are mostly gone. Unemployment not really as bad as some had anticipated. There's data that suggests the virus isn't nearly as deadly as first feared. One model had the UK with 500k deaths and the U.S. with 2.2 million. That's now been revised to just 20k deaths for the UK. We're going to learn more about asymptomatic infections as antibody tests are released shortly. The administration is working on collecting and analyzing granular data to try to open up commerce where infection rates remain lower and try to actively track it. The stimulus bills have passed. A lot of the uncertainty is going away and that's what causes market shakeups more than anything. Quadruple digit moves in the DJIA and S&P should start to subside as more information and certainty comes in.
There may still be some aftershocks but the VIX is still extremely pricey. I'd be a seller of the VIX well before a buyer right now.