1/6
This is the most important chart for the US right now.
Historically when one spikes the other follows. Now that we are a week past Thanksgiving, the US spiked to over 100k, a 2-month high and rising fast.
Is the US on its way to 200k over the next few/several weeks?
This is the most important chart for the US right now.
Historically when one spikes the other follows. Now that we are a week past Thanksgiving, the US spiked to over 100k, a 2-month high and rising fast.
Is the US on its way to 200k over the next few/several weeks?
2/6
Current COVID policy is a disaster. It is based in one metric, panicking over case counts.
This is wrong but this is not going to change.
Current COVID policy is a disaster. It is based in one metric, panicking over case counts.
This is wrong but this is not going to change.
3/6
I noted this yesterday with Portugal.
They have an 87% vax rate, mid-90% range if you exclude under 5-years old (not approved yet), and yet their cases are going up and they are locking down.
Cases go up, panic, and lock everything down.
I noted this yesterday with Portugal.
They have an 87% vax rate, mid-90% range if you exclude under 5-years old (not approved yet), and yet their cases are going up and they are locking down.
Cases go up, panic, and lock everything down.
https://twitter.com/biancoresearch/status/1466375110558892032?s=20
4/6
If you are unsure about this, see this incredible tweet from @WHCOS , the White House Chief of Staff.
2 days ago @greg_ip wrote what should have been an obvious statement, when you lockdown the economy, it suffers.
If you are unsure about this, see this incredible tweet from @WHCOS , the White House Chief of Staff.
2 days ago @greg_ip wrote what should have been an obvious statement, when you lockdown the economy, it suffers.
https://twitter.com/WHCOS/status/1466071640433954820?s=20
5/6
@WHCOS rejected it. He honestly thinks that when COVID is a problem (again freaking out over rising cases) they should command everyone into the basement, and this makes the ECONOMY better!
Really?
@WHCOS rejected it. He honestly thinks that when COVID is a problem (again freaking out over rising cases) they should command everyone into the basement, and this makes the ECONOMY better!
Really?
6/6
So, what will happen when the US spikes to 200k+ cases, following Europe? The reasonable bet is lock everything down and crush the economy.
Is this what is bothering the stock market?
It's all about what is coming in the next few weeks and what the policy response will be.
So, what will happen when the US spikes to 200k+ cases, following Europe? The reasonable bet is lock everything down and crush the economy.
Is this what is bothering the stock market?
It's all about what is coming in the next few weeks and what the policy response will be.
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