Coronavirus Cases & Deaths Are Trying To Level Off!
Looking at the daily Coronavirus graph, we can see that the total number of confirmed global cases (in purple) appears to be trying to level off, and the total number of deaths (bottom red portion) appears to be flattening, possibly as a result of global social distancing. This is why stock and crypto investors have recently been buing the dip. They're looking for value in hopes that the coronavirus will begin to decline, and that economic activity will return to normal. However, the world is in a recession that it isn't likely to recover from, without a severe meltdown ensuing, regardless of whether or not the coronavirus numbers begin to decline. However, if the numbers do begin a clear decline, I think we could see more of a temporary bounce in stocks and crypto.
The other thing to consider is the amount of testing that is happening in the world. Testing is very insufficient. For what it's worth, I personally know people who've had symptoms of COVID-19, and have been refused tests. Then, they were diagnosed with "bronchitis and a sinus infection" and sent to roam the world as normal.
I think there are most likely tens of millions more who have actually contracted the coronavirus, but they simply haven't been tested for it. There is a lot of evidence suggesting that the coronavirus spread all over the world, before we even heard about it. It's obviously a global crisis at this point, and many countries simply don't have the means to test or treat people who are infected. Knowing that makes me take these numbers with a grain of salt, but this is what Wall St. and investors all around the world are looking at.
I'm The Master of The Charts, The Professor, The Legend, The King, and I go by the name of Magic! Au revoir.
***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***
-JD-
The other thing to consider is the amount of testing that is happening in the world. Testing is very insufficient. For what it's worth, I personally know people who've had symptoms of COVID-19, and have been refused tests. Then, they were diagnosed with "bronchitis and a sinus infection" and sent to roam the world as normal.
I think there are most likely tens of millions more who have actually contracted the coronavirus, but they simply haven't been tested for it. There is a lot of evidence suggesting that the coronavirus spread all over the world, before we even heard about it. It's obviously a global crisis at this point, and many countries simply don't have the means to test or treat people who are infected. Knowing that makes me take these numbers with a grain of salt, but this is what Wall St. and investors all around the world are looking at.
I'm The Master of The Charts, The Professor, The Legend, The King, and I go by the name of Magic! Au revoir.
***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***
-JD-