XJO - Week-end Charts and Chat. 13/14/June, page-13

There appears to be a fake news downramp job being done on the market claiming a resurgence of coronavirus cases in the US? But where are they??? Here is the current charts of coronavirus infections and deaths in the US epicenter (New York) and they are now doing more coronavirus tests than ever (see below).



Not even a single ICU bed is occupied in Australia by coronavirus - and it seems everywhere is going the same way. Most countries are scaling back their hospital virus resources and some countries are already virus free.

I'm calling it a fake news shakeout job done by those who are desperate to get their cash into the market.

Cash is toxic and institutional investors are currently holding trillions in cash. If they leave it in cash it earns nothing. Same if they put it in government bonds.  Stocks are the only thing left with a decent return. But is there room there for the mega mountains of cash sitting on the sidelines wanting in on the market?

One thing for sure, when the market finds its bottom it will come back up like a rocket!=> Mad scramble for stocks!

https://www.worldometers.info/coronavirus/usa/new-york/