As Covid-19 cases continue to rise in the U.S., President Trump’s infectious disease expert says . . . coronavirus is the worst nightmare.
Dr. Anthony Fauci says that coronavirus has devastated the world in just four months.
Fauci says that Covid-19 is more complicated than AIDS. And it is more difficult for the health community to quickly deal with the outbreak of Covid-19 cases.
New Covid-19 cases are rising across America. And the country’s leading expert says the U.S. is still in the first phase of the outbreak.
Nearly every state is proceeding with reopening plans. There’s a huge desire from governments and people to get back to normal.
However, that’s counteracted by growing numbers of new Covid-19 cases in several states. While the virus is under control in places like New York, it’s growing rapidly in other parts of the country.
These conflicting issues – reopening versus growing numbers of Covid-19 cases – is why stocks have been so volatile recently. And while that’s challenging for “buy and hold” investors . . .
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California Requires Masks Indoors
California now requires that people wear masks in most indoor and some outdoor public settings. The order comes as California reports more than 4,000 new daily Covid-19 cases.
Trump Plans Huge Rally
President Trump’s campaign plans to proceed with a rally on Saturday in Tulsa, Oklahoma. New Covid-19 cases in the state reached 450 on Thursday – the fifth consecutive day of record new Covid-19 cases.
Record Number of New Cases
The number of new cases across the globe are at record levels. There were 140,000 new cases on Tuesday and 166,0000 new cases on Wednesday. The U.S. had 25,000 new cases on Wednesday.
1.5 Million New Unemployment Claims
Thursday’s jobs report showed 1.5 million new unemployment claims. It’s the lowest number of new claims since mid-March. Approximately 20 million Americans are currently receiving unemployment benefits. That’s down from a peak of 25 million in early May.
Pot stocks are surging 70%, doubling the returns of blue-chip stocks. Americans are increasing consumption of cannabis and CBD during the pandemic. And it’s sending these stocks surging. Go here for my #1 stock to BUY NOW.
The Coronavirus Numbers
Here are the numbers from Friday at 8:40 a.m. ET:
- 8,614,488 Infected worldwide
- 452,085 Deaths
- 2,264,220 Infected in the U.S.
- 120,691 Deaths in the U.S.
U.S. stocks were trading up 1% on Friday morning.
For now, the markets have decided to embrace the economic recovery and shrug off the rising number of Covid-19 cases.
Remarks from President Trump and many governors indicate that there will not be another widespread lockdown with “shelter in place” orders. Americans generally hold a similar view that the economy should remain open.
That’s leading to rising stock prices despite concerning growth in Covid-19 cases in places including California, Florida and Texas.
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