"The states will have to do something. However, I don't think there's a tremendous appetite for a full lockdown. That political will just isn't there," said Sanchez, also chief market strategist at Lido Advisors.
"If anything, I think that companies will have some leeway in order to figure out how to do this in a safe way, which means that we may not see the same kind of hit as we saw in March," she said. That's because consumers are growing increasingly frustrated with staying home, Sanchez said, adding that many are opting for road trips over flying, which many still consider to be of higher risk.
"There are far more road trips, and those road trips are ending at hotels," Sanchez said. "Demand for big corporate travel isn't back yet, but it's going to keep these hotels continuing to grow back out of this hole, so, I don't see them going away quite yet. So they're not dead yet, but I think that it's going to be some rocky road from here to the end of the year.
Craig Johnson, senior technical research analyst at Piper Sandler, said the uncertainty was causing a bit of a "bifurcation" in consumer spending.
Unbelievable. Covid miraculously cured after Biden “wins”. Rioting and looting stop. The big tech, MSM plan all along.