Thursday 25 June 2020

A Second Wave? Taking The Pithos.


Baltic Dry Index. 1705 + 88  Brent Crude 40.04
Spot Gold 1763

Coronavirus Cases 25/6/20 World 9,575,554
Deaths 486,119



George Orwell.

Are parts of America undergoing a second coronavirus wave? The stock market seems to think so. The oil market too.

After all the recent rioting and looting there, it wouldn’t be surprising for a new round of covid-19 cases to be surfacing in the USA about now, all the more so since a mutation discovered in the Sars-Cov-2 virus seems to make it more infectious. See the Covid-19 section for more on this sad development.

A good case can be made that this isn’t a new second Covid-19 wave, but merely an extension of the original wave, but in reality what difference does it make? Either will act as a drag on the economy and slow down any economic recovery.

Will you willingly fly, dine out, visit the theatre, book a cruise, if covid-19 cases are still rising and there’s still no proven vaccine in sight?

Below, stock markets tremble at the prospect of the end of the relief hopium rally. Tremble too at the prospect of a high tax and redistribute President Biden and Democrat Socialists.

Asian markets fall, following Wall Street’s slide as hopes of quick recovery dim

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