Welcome to the latest edition of Talking Data. Our Talking Data series seeks to offer timely insights into macro market themes along with macro data and its impact on the economy and markets.

I am your host Kristen Radosh of Arbor Research and Trading. Our presenters today are Jim Bianco of Bianco Research and Ben Breitholtz of Arbor Data Science.

News flow has refocused on the virus the last several weeks as the Delta variant spreads around the world.
· How fast and where are cases growing?
· Is it cases (not hospitalizations or deaths) that drive policy and ultimately market reactions?
· No lose situation for risk assets? Simply churn between staying-in and reopening equities?

Thank you for joining us today. As a reminder, Arbor Research & Trading is an institutional research and brokerage firm. Our two most prominent research offerings are Bianco Research & Arbor Data Science.

For further information on Arbor Research, Bianco Research and Arbor Data Science, please contact Gus Handler at gus.handler@arborresearch.com or call 800-606-1872.

#72: Delta and its Delta Impact on Markets