BPT Tea leaves analysis, page-550

Texas and Florida are now the epicentre of Covid infections in America. 10,000 new infections per day which was about the same as in New York at its peak. That by the way was the bottom of the markets. Around 23rd of March. How many of us picked the bottom of the market?
What is different now is the hospitals are better prepared. No talk on big shortage of ventilators. And as it turned out, it wasn’t a good idea to put patients on ventilators. There are now three treatments available for those Covid patients in ICUs. These are Remdesivir, dexamethasone (Steroids) and Convalescent plasma.
And people are now being asked to wear mask.
Look at the current Covid numbers in New York if you want to see how Covid numbers will play out.

Luckily, we are only two months away from Covid vaccines being available. It is likely approval for emergency use those vaccines that will be reporting their Phase 3 clinical results by end of August.