Saturday, 21 November 2020

Special Update 21/11/2020 1647 When Christmas Was Cancelled.

 Baltic Dry Index. 1148 +14  Brent Crude 44.96

Spot Gold 1871

Covid-19 cases 14/11/20 World 54,312,807

Deaths 1,317,402

Covid-19 cases 21/11/20 World 58,073,034

Deaths 1,380,608

After a grueling 10 weeks at sea, the Mayflower, with 102 passengers and a crew of about 30, reached America, dropping anchor near the tip of Cape Cod, Massachusetts, on November 21 [O.S. November 11], 1620.  Arriving in November, they had to survive unprepared through a harsh winter.

In the stock casinos, yet more nervousness about the surging coronavirus infections in the USA and their likely effect on the US economy.

Will next week’s Thanksgiving Day holiday generate yet another surge in infections right before Christmas?

No one knows off course, but if many Americans travel to the usual large family gatherings there’s a high probability of a spike in new infections starting about the second week of December and running out to the New Year.

What that would do to the already slowing US economy is likely to slow it even further. But would it have any effect in the stock casinos?

Stocks, bonds fall, dollar flat as Fed fears subside

November 20, 2020

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