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London | Montreal | New York COVID-19: Global Charts June 15, 2020 COVID-19 Table ................................................ 2 Country Comparison Of Cases ............................ 3 Global .............................................................. 3 Global Ex-China ................................................ 3 Euro Area ......................................................... 4 LatAm ............................................................. 4 Argentina ......................................................... 4 Australia .......................................................... 4 Austria ............................................................. 5 Belgium ........................................................... 5 Brazil ............................................................... 5 Canada ............................................................ 5 Chile ................................................................6 China ...............................................................6 Colombia .........................................................6 Czech Republic .................................................6 Denmark .......................................................... 7 France.............................................................. 7 Germany .......................................................... 7 Iran ................................................................ 7 Ireland ............................................................ 8 Israel............................................................... 8 Italy ............................................................... 8 Japan .............................................................. 8 Mexico .............................................................9 Netherlands .....................................................9 Norway ............................................................9 Peru ................................................................9 Portugal ......................................................... 10 Russia ............................................................ 10 Singapore ...................................................... 10 South Africa ................................................... 10 South Korea ................................................... 11 Spain ............................................................. 11 Sweden .......................................................... 11 Switzerland .................................................... 11 Taiwan ........................................................... 12 Turkey............................................................ 12 U.K. .............................................................. 12 U.S. .............................................................. 12 2,000 4,000 6,000 2,000 4,000 6,000 China U.S. Euro Area Rest Of The World COVID-19 Cumulative Cases* (000s) COVID-19 Cumulative Cases* (000s) 0 1,000 2,000 3,000 0 1,000 2,000 3,000 COVID-19 Active Cases* (000s) COVID-19 Active Cases* (000s) 0 50 0 50 01-2020 02-2020 03-2020 04-2020 05-2020 06-2020 Level Of Active Cases*** Change In Active Cases**** Diffusion Index Of Countries With Largest COVID-19 Problem** (%): * Source: Johns Hopkins University Center for Systems Science and Engineering (CSSE) ** Includes the 34 countries in the table on page 2 *** % rising minus % falling **** % accelerating minus % decelerating Note: Data as of 6/14/2020 Diffusion Index Of Countries With Largest COVID-19 Problem** (%): * Source: Johns Hopkins University Center for Systems Science and Engineering (CSSE) ** Includes the 34 countries in the table on page 2 *** % rising minus % falling **** % accelerating minus % decelerating Note: Data as of 6/14/2020 The Global COVID-19 Curve MRB Partners Inc © 06/2020 MacroResearchBoard Independent Investment Strategy partners mrb

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L o n d o n | M o n t r e a l | N e w Yo r k

COVID-19: Global ChartsJune 15, 2020

COVID-19 Table ................................................2

Country Comparison Of Cases ............................3

Global ..............................................................3

Global Ex-China ................................................3

Euro Area .........................................................4

LatAm .............................................................4

Argentina .........................................................4

Australia ..........................................................4

Austria .............................................................5

Belgium ...........................................................5

Brazil ...............................................................5

Canada ............................................................5

Chile ................................................................6

China ...............................................................6

Colombia .........................................................6

Czech Republic .................................................6

Denmark ..........................................................7

France ..............................................................7

Germany ..........................................................7

Iran ................................................................7

Ireland ............................................................ 8

Israel ............................................................... 8

Italy ............................................................... 8

Japan .............................................................. 8

Mexico .............................................................9

Netherlands .....................................................9

Norway ............................................................9

Peru ................................................................9

Portugal ......................................................... 10

Russia ............................................................ 10

Singapore ...................................................... 10

South Africa ................................................... 10

South Korea ................................................... 11

Spain ............................................................. 11

Sweden .......................................................... 11

Switzerland .................................................... 11

Taiwan ........................................................... 12

Turkey ............................................................ 12

U.K. .............................................................. 12

U.S. .............................................................. 12

2,000

4,000

6,000

2,000

4,000

6,000

ChinaU.S.Euro AreaRest Of The World

COVID-19 Cumulative Cases* (000s)COVID-19 Cumulative Cases* (000s)

0

1,000

2,000

3,000

0

1,000

2,000

3,000COVID-19 Active Cases* (000s)COVID-19 Active Cases* (000s)

0

50

0

50

01-2020 02-2020 03-2020 04-2020 05-2020 06-2020

Level Of Active Cases***Change In Active Cases****

Diffusion Index Of Countries With Largest COVID-19 Problem** (%):

* Source: Johns Hopkins University Center for Systems Science and Engineering (CSSE)** Includes the 34 countries in the table on page 2*** % rising minus % falling**** % accelerating minus % deceleratingNote: Data as of 6/14/2020

Diffusion Index Of Countries With Largest COVID-19 Problem** (%):

* Source: Johns Hopkins University Center for Systems Science and Engineering (CSSE)** Includes the 34 countries in the table on page 2*** % rising minus % falling**** % accelerating minus % deceleratingNote: Data as of 6/14/2020

The Global COVID-19 Curve

MRB Partners Inc © 06/2020

MacroResearch Board

I n d e p e n d e n t I n v e s t m e n t S t r a t e g y

partnersmrb

2M R B PA R T N E R S I N C . m w w w . m r b p a r t n e r s . c o m m C o p y r i g h t 2 0 2 0 © ( s e e f i n a l p a g e f o r f u l l c o p y r i g h t )

mrb

COVID-19 Cases Cumulative Deaths Recoveries Active

Weekly Change In Cases

Weekly Change In Active Cases

Argentina 31,577 833 9,564 21,180 7,957 5,558

Australia 7,335 102 6,851 382 68 -63

Austria 17,135 678 16,066 391 167 -66

Belgium 60,100 9,661 16,610 33,829 752 402

Brazil 867,624 43,332 469,141 355,151 160,212 63,130

Canada 100,404 8,218 60,668 31,518 2,625 -3,008

Chile 174,293 3,323 143,704 27,266 35,447 2,932

China 84,338 4,638 79,483 217 1,250 158

Colombia 48,896 1,670 19,460 27,766 8,049 4,751

Czech Republic 10,027 330 7,245 2,452 330 77

Denmark 12,393 597 11,268 528 231 -49

France 194,153 29,410 72,982 91,761 2,840 842

Germany 187,682 8,804 172,689 6,189 1,573 -1,669

Iran 189,876 8,950 150,590 30,336 16,044 1,215

Ireland 25,303 1,706 22,698 899 96 73

Israel 19,121 302 15,389 3,430 1,089 798

Italy 236,989 34,345 176,370 26,274 1,711 -8,456

Japan 17,427 928 15,522 977 367 -120

Mexico 146,837 17,141 107,298 22,398 26,735 3,982

Netherlands 48,990 6,078 182 42,730 1,045 1,001

Norway 8,631 242 8,138 251 70 67

Peru 229,736 6,688 115,579 107,469 30,040 2,900

Portugal 36,690 1,517 22,669 12,504 1,805 260

Russia 536,484 7,081 284,021 245,382 60,441 5,528

South Africa 70,038 1,480 38,531 30,027 19,159 6,327

South Korea 12,121 277 10,730 1,114 269 125

Spain 243,928 27,136 150,376 66,416 2,211 2,211

Sweden 51,614 4,874 0 46,740 6,481 6,301

Switzerland 31,131 1,938 28,800 393 159 44

Turkey 178,239 4,807 151,417 22,015 7,118 -3,015

U.K. 297,342 41,783 1,284 254,275 8,508 7,376

U.S. 2,094,069 115,732 561,816 1,416,521 132,448 84,464

Rest Of World 1,665,175 39,329 842,863 782,983 279,206 108,475

Global 7,935,698 433,930 3,790,004 3,711,764 816,503 292,551

Global Ex-China 7,851,360 429,292 3,710,521 3,711,547 815,253 292,393

Euro Area 1,049,491 118,585 647,617 283,289 12,475 -5,760

LatAm 1,645,201 79,576 928,724 636,901 290,654 94,771

MRB Partners Inc © 06/2020Note: Active Cases = Total number that became infected minus recovered and deaths

3M R B PA R T N E R S I N C . m w w w . m r b p a r t n e r s . c o m m C o p y r i g h t 2 0 2 0 © ( s e e f i n a l p a g e f o r f u l l c o p y r i g h t )

mrb

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800

1,200

1,600

2,000

400

800

1,200

1,600

2,000

U.S.

Brazil

U.K.

Russia

Peru

France

Spain

Sweden

Netherla

nds

Belgium

Canada Ira

nSou

thAfric

a

Colombia

Chile Italy

Mexico

Turkey

Argenti

na

Portug

al

ActiveRecoveriesDeaths

Cumulative COVID-19 Cases* (000s):

* Source: Johns Hopkins University Center for Systems Science and Engineering (CSSE)Note: Data as of 2020/6/15

Cumulative COVID-19 Cases* (000s):

* Source: Johns Hopkins University Center for Systems Science and Engineering (CSSE)Note: Data as of 2020/6/15

2,000

4,000

6,000

2,000

4,000

6,000

Active

Recovered

Deaths

Global Ex-China Cumulative COVID-19 Cases* (000s):Global Ex-China Cumulative COVID-19 Cases* (000s):

50

100

50

100

02-2020 03-2020 04-2020 05-2020 06-2020

Total

Active

Daily Change In Cases** (000s):

* Source: Johns Hopkins University Center for Systems Science and Engineering (CSSE)** 7-day moving averageNote: Data as of 6/14/2020

Daily Change In Cases** (000s):

* Source: Johns Hopkins University Center for Systems Science and Engineering (CSSE)** 7-day moving averageNote: Data as of 6/14/2020

0

2,000

4,000

6,000

0

2,000

4,000

6,000

Active

Recovered

Deaths

Global Cumulative COVID-19 Cases* (000s):Global Cumulative COVID-19 Cases* (000s):

0

50

100

0

50

100

01-2020 02-2020 03-2020 04-2020 05-2020 06-2020

Total

Active

Daily Change In Cases** (000s):

* Source: Johns Hopkins University Center for Systems Science and Engineering (CSSE)** 7-day moving averageNote: Data as of 6/14/2020

Daily Change In Cases** (000s):

* Source: Johns Hopkins University Center for Systems Science and Engineering (CSSE)** 7-day moving averageNote: Data as of 6/14/2020 MRB Partners Inc © 06/2020 MRB Partners Inc © 06/2020

Global Global Ex-China

Country Comparison Of COVID-19 Cases

MRB Partners Inc © 06/2020

4M R B PA R T N E R S I N C . m w w w . m r b p a r t n e r s . c o m m C o p y r i g h t 2 0 2 0 © ( s e e f i n a l p a g e f o r f u l l c o p y r i g h t )

mrb

0

10

20

30

0

10

20

30Active

Recovered

Deaths

Argentina Cumulative COVID-19 Cases* (000s):Argentina Cumulative COVID-19 Cases* (000s):

0.0

0.5

1.0

0.0

0.5

1.0

02-2020 03-2020 04-2020 05-2020 06-2020

Total

Active

Daily Change In Cases** (000s):

* Source: Johns Hopkins University Center for Systems Science and Engineering (CSSE)** 7-day moving averageNote: Data as of 6/14/2020

Daily Change In Cases** (000s):

* Source: Johns Hopkins University Center for Systems Science and Engineering (CSSE)** 7-day moving averageNote: Data as of 6/14/2020

Argentina Australia

2

4

6

2

4

6Active

Recovered

Deaths

Australia Cumulative COVID-19 Cases* (000s):Australia Cumulative COVID-19 Cases* (000s):

-0.2

0.0

0.2

-0.2

0.0

0.2

02-2020 03-2020 04-2020 05-2020 06-2020

Total

Active

Daily Change In Cases** (000s):

* Source: Johns Hopkins University Center for Systems Science and Engineering (CSSE)** 7-day moving averageNote: Data as of 6/14/2020

Daily Change In Cases** (000s):

* Source: Johns Hopkins University Center for Systems Science and Engineering (CSSE)** 7-day moving averageNote: Data as of 6/14/2020 MRB Partners Inc © 06/2020MRB Partners Inc © 06/2020

MRB Partners Inc © 06/2020

400

800

400

800

Active

Recovered

Deaths

Euro Area Cumulative COVID-19 Cases* (000s):Euro Area Cumulative COVID-19 Cases* (000s):

0

10

20

0

10

20

02-2020 03-2020 04-2020 05-2020 06-2020

Total

Active

Daily Change In Cases** (000s):

* Source: Johns Hopkins University Center for Systems Science and Engineering (CSSE)** 7-day moving averageNote: Data as of 6/14/2020

Daily Change In Cases** (000s):

* Source: Johns Hopkins University Center for Systems Science and Engineering (CSSE)** 7-day moving averageNote: Data as of 6/14/2020

Euro Area

MRB Partners Inc © 06/2020

LatAm

0

500

1,000

1,500

0

500

1,000

1,500Active

Recovered

Deaths

LatAm Cumulative COVID-19 Cases* (000s):LatAm Cumulative COVID-19 Cases* (000s):

0

20

40

0

20

40

02-2020 03-2020 04-2020 05-2020 06-2020

Total

Active

Daily Change In Cases** (000s):

* Source: Johns Hopkins University Center for Systems Science and Engineering (CSSE)** 7-day moving averageNote: Data as of 6/14/2020

Daily Change In Cases** (000s):

* Source: Johns Hopkins University Center for Systems Science and Engineering (CSSE)** 7-day moving averageNote: Data as of 6/14/2020

MRB Partners Inc © 06/2020

5M R B PA R T N E R S I N C . m w w w . m r b p a r t n e r s . c o m m C o p y r i g h t 2 0 2 0 © ( s e e f i n a l p a g e f o r f u l l c o p y r i g h t )

mrb

0

200

400

600

800

0

200

400

600

800Active

Recovered

Deaths

Brazil Cumulative COVID-19 Cases* (000s):Brazil Cumulative COVID-19 Cases* (000s):

0

10

20

0

10

20

02-2020 03-2020 04-2020 05-2020 06-2020

Total

Active

Daily Change In Cases** (000s):

* Source: Johns Hopkins University Center for Systems Science and Engineering (CSSE)** 7-day moving averageNote: Data as of 6/14/2020

Daily Change In Cases** (000s):

* Source: Johns Hopkins University Center for Systems Science and Engineering (CSSE)** 7-day moving averageNote: Data as of 6/14/2020

CanadaBrazil

40

80

40

80Active

Recovered

Deaths

Canada Cumulative COVID-19 Cases* (000s):Canada Cumulative COVID-19 Cases* (000s):

0

1

0

1

02-2020 03-2020 04-2020 05-2020 06-2020

Total

Active

Daily Change In Cases** (000s):

* Source: Johns Hopkins University Center for Systems Science and Engineering (CSSE)** 7-day moving averageNote: Data as of 6/14/2020

Daily Change In Cases** (000s):

* Source: Johns Hopkins University Center for Systems Science and Engineering (CSSE)** 7-day moving averageNote: Data as of 6/14/2020 MRB Partners Inc © 06/2020

MRB Partners Inc © 06/2020

Austria Belgium

0

20

40

60

0

20

40

60Active

Recovered

Deaths

Belgium Cumulative COVID-19 Cases* (000s):Belgium Cumulative COVID-19 Cases* (000s):

0.0

0.5

1.0

0.0

0.5

1.0

02-2020 03-2020 04-2020 05-2020 06-2020

Total

Active

Daily Change In Cases** (000s):

* Source: Johns Hopkins University Center for Systems Science and Engineering (CSSE)** 7-day moving averageNote: Data as of 6/14/2020

Daily Change In Cases** (000s):

* Source: Johns Hopkins University Center for Systems Science and Engineering (CSSE)** 7-day moving averageNote: Data as of 6/14/2020

0

5

10

15

0

5

10

15Active

Recovered

Deaths

Austria Cumulative COVID-19 Cases* (000s):Austria Cumulative COVID-19 Cases* (000s):

0.0

0.5

0.0

0.5

02-2020 03-2020 04-2020 05-2020 06-2020

Total

Active

Daily Change In Cases** (000s):

* Source: Johns Hopkins University Center for Systems Science and Engineering (CSSE)** 7-day moving averageNote: Data as of 6/14/2020

Daily Change In Cases** (000s):

* Source: Johns Hopkins University Center for Systems Science and Engineering (CSSE)** 7-day moving averageNote: Data as of 6/14/2020 MRB Partners Inc © 06/2020 MRB Partners Inc © 06/2020

6M R B PA R T N E R S I N C . m w w w . m r b p a r t n e r s . c o m m C o p y r i g h t 2 0 2 0 © ( s e e f i n a l p a g e f o r f u l l c o p y r i g h t )

mrb

0

50

100

150

0

50

100

150Active

Recovered

Deaths

Chile Cumulative COVID-19 Cases* (000s):Chile Cumulative COVID-19 Cases* (000s):

-4

0

4

-4

0

4

02-2020 03-2020 04-2020 05-2020 06-2020

Total

Active

Daily Change In Cases** (000s):

* Source: Johns Hopkins University Center for Systems Science and Engineering (CSSE)** 7-day moving averageNote: Data as of 6/14/2020

Daily Change In Cases** (000s):

* Source: Johns Hopkins University Center for Systems Science and Engineering (CSSE)** 7-day moving averageNote: Data as of 6/14/2020

0

10

20

30

40

0

10

20

30

40Active

Recovered

Deaths

Colombia Cumulative COVID-19 Cases* (000s):Colombia Cumulative COVID-19 Cases* (000s):

0.0

0.5

1.0

1.5

0.0

0.5

1.0

1.5

02-2020 03-2020 04-2020 05-2020 06-2020

Total

Active

Daily Change In Cases** (000s):

* Source: Johns Hopkins University Center for Systems Science and Engineering (CSSE)** 7-day moving averageNote: Data as of 6/14/2020

Daily Change In Cases** (000s):

* Source: Johns Hopkins University Center for Systems Science and Engineering (CSSE)** 7-day moving averageNote: Data as of 6/14/2020

0

4

8

0

4

8Active

Recovered

Deaths

Czech Republic Cumulative COVID-19 Cases* (000s):Czech Republic Cumulative COVID-19 Cases* (000s):

-0.1

0.0

0.1

0.2

-0.1

0.0

0.1

0.2

02-2020 03-2020 04-2020 05-2020 06-2020

Total

Active

Daily Change In Cases** (000s):

* Source: Johns Hopkins University Center for Systems Science and Engineering (CSSE)** 7-day moving averageNote: Data as of 6/14/2020

Daily Change In Cases** (000s):

* Source: Johns Hopkins University Center for Systems Science and Engineering (CSSE)** 7-day moving averageNote: Data as of 6/14/2020

Colombia Czech Republic

MRB Partners Inc © 06/2020MRB Partners Inc © 06/2020

Chile China

20

40

60

80

20

40

60

80

Active

Recovered

Deaths

China Cumulative COVID-19 Cases* (000s):China Cumulative COVID-19 Cases* (000s):

-2

0

2

4

-2

0

2

4

01-2020 02-2020 03-2020 04-2020 05-2020 06-2020

Total

Active

Daily Change In Cases** (000s):

* Source: Johns Hopkins University Center for Systems Science and Engineering (CSSE)** 7-day moving averageNote: Data as of 6/14/2020

Daily Change In Cases** (000s):

* Source: Johns Hopkins University Center for Systems Science and Engineering (CSSE)** 7-day moving averageNote: Data as of 6/14/2020 MRB Partners Inc © 06/2020

MRB Partners Inc © 06/2020

7M R B PA R T N E R S I N C . m w w w . m r b p a r t n e r s . c o m m C o p y r i g h t 2 0 2 0 © ( s e e f i n a l p a g e f o r f u l l c o p y r i g h t )

mrb

France

50

100

150

50

100

150

Active

Recovered

Deaths

France Cumulative COVID-19 Cases* (000s):France Cumulative COVID-19 Cases* (000s):

0

4

8

0

4

8

02-2020 03-2020 04-2020 05-2020 06-2020

Total

Active

Daily Change In Cases** (000s):

* Source: Johns Hopkins University Center for Systems Science and Engineering (CSSE)** 7-day moving averageNote: Data as of 6/14/2020

Daily Change In Cases** (000s):

* Source: Johns Hopkins University Center for Systems Science and Engineering (CSSE)** 7-day moving averageNote: Data as of 6/14/2020 MRB Partners Inc © 06/2020

Germany

50

100

150

50

100

150Active

Recovered

Deaths

Germany Cumulative COVID-19 Cases* (000s):Germany Cumulative COVID-19 Cases* (000s):

-2

0

2

4

-2

0

2

4

02-2020 03-2020 04-2020 05-2020 06-2020

Total

Active

Daily Change In Cases** (000s):

* Source: Johns Hopkins University Center for Systems Science and Engineering (CSSE)** 7-day moving averageNote: Data as of 6/14/2020

Daily Change In Cases** (000s):

* Source: Johns Hopkins University Center for Systems Science and Engineering (CSSE)** 7-day moving averageNote: Data as of 6/14/2020 MRB Partners Inc © 06/2020

Iran

0

50

100

150

0

50

100

150Active

Recovered

Deaths

Iran Cumulative COVID-19 Cases* (000s):Iran Cumulative COVID-19 Cases* (000s):

0

2

0

2

02-2020 03-2020 04-2020 05-2020 06-2020

Total

Active

Daily Change In Cases** (000s):

* Source: Johns Hopkins University Center for Systems Science and Engineering (CSSE)** 7-day moving averageNote: Data as of 6/14/2020

Daily Change In Cases** (000s):

* Source: Johns Hopkins University Center for Systems Science and Engineering (CSSE)** 7-day moving averageNote: Data as of 6/14/2020 MRB Partners Inc © 06/2020

Denmark

0

4

8

12

0

4

8

12Active

Recovered

Deaths

Denmark Cumulative COVID-19 Cases* (000s):Denmark Cumulative COVID-19 Cases* (000s):

0.0

0.2

0.0

0.2

02-2020 03-2020 04-2020 05-2020 06-2020

Total

Active

Daily Change In Cases** (000s):

* Source: Johns Hopkins University Center for Systems Science and Engineering (CSSE)** 7-day moving averageNote: Data as of 6/14/2020

Daily Change In Cases** (000s):

* Source: Johns Hopkins University Center for Systems Science and Engineering (CSSE)** 7-day moving averageNote: Data as of 6/14/2020 MRB Partners Inc © 06/2020

8M R B PA R T N E R S I N C . m w w w . m r b p a r t n e r s . c o m m C o p y r i g h t 2 0 2 0 © ( s e e f i n a l p a g e f o r f u l l c o p y r i g h t )

mrb

Italy

100

200

100

200Active

Recovered

Deaths

Italy Cumulative COVID-19 Cases* (000s):Italy Cumulative COVID-19 Cases* (000s):

0

4

0

4

02-2020 03-2020 04-2020 05-2020 06-2020

Total

Active

Daily Change In Cases** (000s):

* Source: Johns Hopkins University Center for Systems Science and Engineering (CSSE)** 7-day moving averageNote: Data as of 6/14/2020

Daily Change In Cases** (000s):

* Source: Johns Hopkins University Center for Systems Science and Engineering (CSSE)** 7-day moving averageNote: Data as of 6/14/2020 MRB Partners Inc © 06/2020

Japan

5

10

15

5

10

15Active

Recovered

Deaths

Japan Cumulative COVID-19 Cases* (000s):Japan Cumulative COVID-19 Cases* (000s):

-0.4

0.0

0.4

-0.4

0.0

0.4

02-2020 03-2020 04-2020 05-2020 06-2020

Total

Active

Daily Change In Cases** (000s):

* Source: Johns Hopkins University Center for Systems Science and Engineering (CSSE)** 7-day moving averageNote: Data as of 6/14/2020

Daily Change In Cases** (000s):

* Source: Johns Hopkins University Center for Systems Science and Engineering (CSSE)** 7-day moving averageNote: Data as of 6/14/2020 MRB Partners Inc © 06/2020

Israel

5

10

15

5

10

15Active

Recovered

Deaths

Israel Cumulative COVID-19 Cases* (000s):Israel Cumulative COVID-19 Cases* (000s):

0.0

0.4

0.0

0.4

02-2020 03-2020 04-2020 05-2020 06-2020

Total

Active

Daily Change In Cases** (000s):

* Source: Johns Hopkins University Center for Systems Science and Engineering (CSSE)** 7-day moving averageNote: Data as of 6/14/2020

Daily Change In Cases** (000s):

* Source: Johns Hopkins University Center for Systems Science and Engineering (CSSE)** 7-day moving averageNote: Data as of 6/14/2020 MRB Partners Inc © 06/2020

Ireland

0

10

20

0

10

20Active

Recovered

Deaths

Ireland Cumulative COVID-19 Cases* (000s):Ireland Cumulative COVID-19 Cases* (000s):

-0.5

0.0

0.5

-0.5

0.0

0.5

02-2020 03-2020 04-2020 05-2020 06-2020

Total

Active

Daily Change In Cases** (000s):

* Source: Johns Hopkins University Center for Systems Science and Engineering (CSSE)** 7-day moving averageNote: Data as of 6/14/2020

Daily Change In Cases** (000s):

* Source: Johns Hopkins University Center for Systems Science and Engineering (CSSE)** 7-day moving averageNote: Data as of 6/14/2020 MRB Partners Inc © 06/2020

9M R B PA R T N E R S I N C . m w w w . m r b p a r t n e r s . c o m m C o p y r i g h t 2 0 2 0 © ( s e e f i n a l p a g e f o r f u l l c o p y r i g h t )

mrb

Netherlands

Norway

0

2

4

6

8

0

2

4

6

8Active

Recovered

Deaths

Norway Cumulative COVID-19 Cases* (000s):Norway Cumulative COVID-19 Cases* (000s):

-0.8

-0.4

0.0

-0.8

-0.4

0.0

02-2020 03-2020 04-2020 05-2020 06-2020

Total

Active

Daily Change In Cases** (000s):

* Source: Johns Hopkins University Center for Systems Science and Engineering (CSSE)** 7-day moving averageNote: Data as of 6/14/2020

Daily Change In Cases** (000s):

* Source: Johns Hopkins University Center for Systems Science and Engineering (CSSE)** 7-day moving averageNote: Data as of 6/14/2020 MRB Partners Inc © 06/2020

0

10

20

30

40

0

10

20

30

40Active

Recovered

Deaths

Netherlands Cumulative COVID-19 Cases* (000s):Netherlands Cumulative COVID-19 Cases* (000s):

0.0

0.4

0.8

0.0

0.4

0.8

02-2020 03-2020 04-2020 05-2020 06-2020

Total

Active

Daily Change In Cases** (000s):

* Source: Johns Hopkins University Center for Systems Science and Engineering (CSSE)** 7-day moving averageNote: Data as of 6/14/2020

Daily Change In Cases** (000s):

* Source: Johns Hopkins University Center for Systems Science and Engineering (CSSE)** 7-day moving averageNote: Data as of 6/14/2020 MRB Partners Inc © 06/2020

Mexico

MRB Partners Inc © 06/2020

0

50

100

0

50

100

Active

Recovered

Deaths

Mexico Cumulative COVID-19 Cases* (000s):Mexico Cumulative COVID-19 Cases* (000s):

0

2

4

0

2

4

02-2020 03-2020 04-2020 05-2020 06-2020

Total

Active

Daily Change In Cases** (000s):

* Source: Johns Hopkins University Center for Systems Science and Engineering (CSSE)** 7-day moving averageNote: Data as of 6/14/2020

Daily Change In Cases** (000s):

* Source: Johns Hopkins University Center for Systems Science and Engineering (CSSE)** 7-day moving averageNote: Data as of 6/14/2020

Peru

MRB Partners Inc © 06/2020

0

100

200

0

100

200Active

Recovered

Deaths

Peru Cumulative COVID-19 Cases* (000s):Peru Cumulative COVID-19 Cases* (000s):

0

2

4

6

0

2

4

6

02-2020 03-2020 04-2020 05-2020 06-2020

Total

Active

Daily Change In Cases** (000s):

* Source: Johns Hopkins University Center for Systems Science and Engineering (CSSE)** 7-day moving averageNote: Data as of 6/14/2020

Daily Change In Cases** (000s):

* Source: Johns Hopkins University Center for Systems Science and Engineering (CSSE)** 7-day moving averageNote: Data as of 6/14/2020

10M R B PA R T N E R S I N C . m w w w . m r b p a r t n e r s . c o m m C o p y r i g h t 2 0 2 0 © ( s e e f i n a l p a g e f o r f u l l c o p y r i g h t )

mrb

0

200

400

0

200

400

Active

Recovered

Deaths

Russia Cumulative COVID-19 Cases* (000s):Russia Cumulative COVID-19 Cases* (000s):

0

4

8

0

4

8

02-2020 03-2020 04-2020 05-2020 06-2020

Total

Active

Daily Change In Cases** (000s):

* Source: Johns Hopkins University Center for Systems Science and Engineering (CSSE)** 7-day moving averageNote: Data as of 6/14/2020

Daily Change In Cases** (000s):

* Source: Johns Hopkins University Center for Systems Science and Engineering (CSSE)** 7-day moving averageNote: Data as of 6/14/2020

Portugal

MRB Partners Inc © 06/2020 MRB Partners Inc © 06/2020

MRB Partners Inc © 06/2020

0

10

20

30

0

10

20

30Active

Recovered

Deaths

Portugal Cumulative COVID-19 Cases* (000s):Portugal Cumulative COVID-19 Cases* (000s):

-1

0

-1

0

02-2020 03-2020 04-2020 05-2020 06-2020

Total

Active

Daily Change In Cases** (000s):

* Source: Johns Hopkins University Center for Systems Science and Engineering (CSSE)** 7-day moving averageNote: Data as of 6/14/2020

Daily Change In Cases** (000s):

* Source: Johns Hopkins University Center for Systems Science and Engineering (CSSE)** 7-day moving averageNote: Data as of 6/14/2020

Russia

10

20

30

40

10

20

30

40Active

Recovered

Deaths

Singapore Cumulative COVID-19 Cases* (000s):Singapore Cumulative COVID-19 Cases* (000s):

-0.4

0.0

0.4

0.8

-0.4

0.0

0.4

0.8

02-2020 03-2020 04-2020 05-2020 06-2020

Total

Active

Daily Change In Cases** (000s):

* Source: Johns Hopkins University Center for Systems Science and Engineering (CSSE)** 7-day moving averageNote: Data as of 6/14/2020

Daily Change In Cases** (000s):

* Source: Johns Hopkins University Center for Systems Science and Engineering (CSSE)** 7-day moving averageNote: Data as of 6/14/2020

Singapore South Africa

0

20

40

60

0

20

40

60Active

Recovered

Deaths

South Africa Cumulative COVID-19 Cases* (000s):South Africa Cumulative COVID-19 Cases* (000s):

0

1

2

3

0

1

2

3

02-2020 03-2020 04-2020 05-2020 06-2020

Total

Active

Daily Change In Cases** (000s):

* Source: Johns Hopkins University Center for Systems Science and Engineering (CSSE)** 7-day moving averageNote: Data as of 6/14/2020

Daily Change In Cases** (000s):

* Source: Johns Hopkins University Center for Systems Science and Engineering (CSSE)** 7-day moving averageNote: Data as of 6/14/2020

MRB Partners Inc © 06/2020

11M R B PA R T N E R S I N C . m w w w . m r b p a r t n e r s . c o m m C o p y r i g h t 2 0 2 0 © ( s e e f i n a l p a g e f o r f u l l c o p y r i g h t )

mrb

Switzerland

0

10

20

30

0

10

20

30Active

Recovered

Deaths

Switzerland Cumulative COVID-19 Cases* (000s):Switzerland Cumulative COVID-19 Cases* (000s):

-0.4

0.0

0.4

0.8

-0.4

0.0

0.4

0.8

02-2020 03-2020 04-2020 05-2020 06-2020

Total

Active

Daily Change In Cases** (000s):

* Source: Johns Hopkins University Center for Systems Science and Engineering (CSSE)** 7-day moving averageNote: Data as of 6/14/2020

Daily Change In Cases** (000s):

* Source: Johns Hopkins University Center for Systems Science and Engineering (CSSE)** 7-day moving averageNote: Data as of 6/14/2020

MRB Partners Inc © 06/2020

Sweden

20

40

20

40Active

Recovered

Deaths

Sweden Cumulative COVID-19 Cases* (000s):Sweden Cumulative COVID-19 Cases* (000s):

0.0

0.4

0.8

0.0

0.4

0.8

02-2020 03-2020 04-2020 05-2020 06-2020

Total

Active

Daily Change In Cases** (000s):

* Source: Johns Hopkins University Center for Systems Science and Engineering (CSSE)** 7-day moving averageNote: Data as of 6/14/2020

Daily Change In Cases** (000s):

* Source: Johns Hopkins University Center for Systems Science and Engineering (CSSE)** 7-day moving averageNote: Data as of 6/14/2020 MRB Partners Inc © 06/2020

Spain

0

100

200

0

100

200Active

Recovered

Deaths

Spain Cumulative COVID-19 Cases* (000s):Spain Cumulative COVID-19 Cases* (000s):

0

4

8

0

4

8

02-2020 03-2020 04-2020 05-2020 06-2020

Total

Active

Daily Change In Cases** (000s):

* Source: Johns Hopkins University Center for Systems Science and Engineering (CSSE)** 7-day moving averageNote: Data as of 6/14/2020

Daily Change In Cases** (000s):

* Source: Johns Hopkins University Center for Systems Science and Engineering (CSSE)** 7-day moving averageNote: Data as of 6/14/2020 MRB Partners Inc © 06/2020

South Korea

4

8

12

4

8

12Active

Recovered

Deaths

Korea Cumulative COVID-19 Cases* (000s):Korea Cumulative COVID-19 Cases* (000s):

0.0

0.4

0.0

0.4

02-2020 03-2020 04-2020 05-2020 06-2020

Total

Active

Daily Change In Cases** (000s):

* Source: Johns Hopkins University Center for Systems Science and Engineering (CSSE)** 7-day moving averageNote: Data as of 6/14/2020

Daily Change In Cases** (000s):

* Source: Johns Hopkins University Center for Systems Science and Engineering (CSSE)** 7-day moving averageNote: Data as of 6/14/2020 MRB Partners Inc © 06/2020

12M R B PA R T N E R S I N C . m w w w . m r b p a r t n e r s . c o m m C o p y r i g h t 2 0 2 0 © ( s e e f i n a l p a g e f o r f u l l c o p y r i g h t )

mrb

U.S.

500

1,000

1,500

2,000

500

1,000

1,500

2,000Active

Recovered

Deaths

U.S. Cumulative COVID-19 Cases* (000s):U.S. Cumulative COVID-19 Cases* (000s):

0

10

20

30

0

10

20

30

02-2020 03-2020 04-2020 05-2020 06-2020

Total

Active

Daily Change In Cases** (000s):

* Source: Johns Hopkins University Center for Systems Science and Engineering (CSSE)** 7-day moving averageNote: Data as of 6/14/2020

Daily Change In Cases** (000s):

* Source: Johns Hopkins University Center for Systems Science and Engineering (CSSE)** 7-day moving averageNote: Data as of 6/14/2020 MRB Partners Inc © 06/2020

U.K.

100

200

100

200

Active

Recovered

Deaths

U.K. Cumulative COVID-19 Cases* (000s):U.K. Cumulative COVID-19 Cases* (000s):

2

4

2

4

02-2020 03-2020 04-2020 05-2020 06-2020

Total

Active

Daily Change In Cases** (000s):

* Source: Johns Hopkins University Center for Systems Science and Engineering (CSSE)** 7-day moving averageNote: Data as of 6/14/2020

Daily Change In Cases** (000s):

* Source: Johns Hopkins University Center for Systems Science and Engineering (CSSE)** 7-day moving averageNote: Data as of 6/14/2020 MRB Partners Inc © 06/2020

Taiwan Turkey

0

50

100

150

0

50

100

150Active

Recovered

Deaths

Turkey Cumulative COVID-19 Cases* (000s):Turkey Cumulative COVID-19 Cases* (000s):

-2

0

2

4

-2

0

2

4

02-2020 03-2020 04-2020 05-2020 06-2020

Total

Active

Daily Change In Cases** (000s):

* Source: Johns Hopkins University Center for Systems Science and Engineering (CSSE)** 7-day moving averageNote: Data as of 6/14/2020

Daily Change In Cases** (000s):

* Source: Johns Hopkins University Center for Systems Science and Engineering (CSSE)** 7-day moving averageNote: Data as of 6/14/2020 MRB Partners Inc © 06/2020MRB Partners Inc © 06/2020

0.1

0.2

0.3

0.4

0.1

0.2

0.3

0.4Active

Recovered

Deaths

Taiwan Cumulative COVID-19 Cases* (000s):Taiwan Cumulative COVID-19 Cases* (000s):

-0.01

0.00

0.01

0.02

-0.01

0.00

0.01

0.02

02-2020 03-2020 04-2020 05-2020 06-2020

Total

Active

Daily Change In Cases** (000s):

* Source: Johns Hopkins University Center for Systems Science and Engineering (CSSE)** 7-day moving averageNote: Data as of 6/14/2020

Daily Change In Cases** (000s):

* Source: Johns Hopkins University Center for Systems Science and Engineering (CSSE)** 7-day moving averageNote: Data as of 6/14/2020

MacroResearch Board

I n d e p e n d e n t I n v e s t m e n t S t r a t e g y

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13M R B PA R T N E R S I N C . m w w w . m r b p a r t n e r s . c o m m C o p y r i g h t 2 0 2 0 ©M R B PA R T N E R S I N C . m w w w . m r b p a r t n e r s . c o m m C o p y r i g h t 2 0 2 0 ©

MRB - The Macro Research Board is a privately-owned independent top-down research firm that provides integrated, global, multi-asset investment strategy as well as actionable absolute and relative return ideas. Our views incorporate a long-term outlook based on in-depth thematic research, together with a rigorous set of frameworks and forecasting models/indicators that drive 6-12 month asset market performance. MRB’s team of analysts and strategists leverage the firm’s robust research engine and their extensive experience to form one cohesive house view and ensure that investment strategy is articulated in a client-friendly manner.

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The information, recommendations and other materials presented in this document are provided for information purposes only and should not be considered as an offer or solicitation to sell or buy securities or other financial instruments or products, nor to constitute any advice or recommendation with respect to such securities or financial instruments or products. This document is produced for general circulation and as such represents the general views of MRB Partners Inc., and does not constitute recommendations or advice for any specific person or entity receiving it.

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