As rising virus cases spook markets, investors watching these metrics are not turning bearish yet


Paramedics wait to bring a patient into the emergency room at Regional Medical Center on May 21, 2020 in San Jose, California.

Justin Sullivan | Getty Images

With an acceleration of coronavirus headlines starting to weigh on the U.S. stock market, strategists say they are now paying attention to a more refined set of disease metrics to guide their trading strategy.

Though reports of new infections in Florida, Texas, California and Arizona have captured headlines over the last week, Wall Street pros say they’re less focused on case growth and more concerned with net hospitalizations and deaths since they’re better representations for stress on the health-care system.

In the original outbreak,…


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