Definitely some around which is strange because at the start, I...

Definitely some around which is strange because at the start, I felt the market was not pricing in the risk. Now I suspect too many people have gone the other way and think it too over hyped and there is no risk. As it is, new cases lag exposure by about a week and death rate lags new cases by 2-3 weeks. The recent wave of new infections in the US so far hasn't meant a corresponding jump in deaths although there is a bit of an uptick in the past 3 days. Worse case scenario is that hospitalizations continue to climb and death rate spikes which causes the US to go back into lockdown (as Victoria has been forced to do). If that occurs, confidence will be dented and talk of a V shaped recovery will be put on hold.