I think the secondary impact (political reactions to it) of a virus strain that is much more infectious will be much harder felt in Europe than in the US or in Asia. Because most European countries have tried to manage the infections with lockdowns and I think they will double down with longer and harder lockdowns instead of capitulating to the virus (“capitulating” is not meant in a judgemental but in a descriptive way). Given a stronger central government than in the US with its federal structure harder lockdowns are easier to accomplish there. This could heavily impact retailing, travel and leisure, driving companies into bankruptcy. So, if I had to trade those European sectors would be my primary target.
I think the secondary impact (political reactions to it) of a virus strain that is much more infectious will be much harder felt in Europe than in the US or in Asia. Because most European countries have tried to manage the infections with lockdowns and I think they will double down with longer and harder lockdowns instead of capitulating to the virus (“capitulating” is not meant in a judgemental but in a descriptive way). Given a stronger central government than in the US with its federal structure harder lockdowns are easier to accomplish there. This could heavily impact retailing, travel and leisure, driving companies into bankruptcy. So, if I had to trade those European sectors would be my primary target.