Wow, US goes from 60K new cases Thursday, (new record) to 71K new cases Friday, new new record
Global deaths still trending up.
Still the second highest cause of all deaths currently, killing more people every week than all cancers combined...
No real solution's available.
Possible vaccine solutions tenuous at best, and still a meaningful time frame away if at all.
My city has ostensibly reopened..
My business is sitting at 80-90% of pre covid revenues.
Even with all of the government stimulus, and super withdrawals sloshing about in the hands of consumers
What's the net impact on Aus GDP, with international students missing?
With tourism hammered?
With inbound migration gone to 0?
Not to mention the meaningful risks of further lock downs?
To me, current market levels don't align with the reality on the ground.
Particularly the US..
How long can the disconnect continue??
To me, what would match the reality, would probably mean that we are still completing the B wave, in an Elliot ABC corrective phase??
But who knows!!
Have a great weekend all!
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