The big news right now is the mass hospitalizations of new Coronavirus cases. Thursday it was reported that U.S. hospitalizations surpassed 100,000 for the first time. This pressure on healthcare threatens the entire system.
Meanwhile, U.S. stocks have continued their uptrend this week. The Nasdaq 100 and S&P 500 hit highs. Although cases are climbing fast, the main stock market catalyst is that the first vaccine shots could be administered in less than two weeks.
The economy, unlike the markets, has been greatly impacted by this awful virus. Jobless claims reportedly dropped today, but there are still 712,000 people in the country out of employment. However, it is estimated that the U.S. added 440,000 jobs last month.
The weakness and confusion in the healthcare sector could be what lawmakers need to compromise on a coronavirus relief stimulus package before the holidays.
Watch the full interview as the Midas Letter’s James West and I take a look under the hood of the major U.S. indexes on the back of all this news.
We also give five ETFs in the work-from-home space taking advantage of all the catalysts we’ve just mentioned.
Written by James West.
Electric vehicles are on track to be the most transformative shift we’ve seen in the past 100 years…
The first wave of riches came from Tesla Inc (Nasdaq: TSLA)’s historic two-year run… which not only triggered a new wave of “Teslanaires,” but led an entire shift in how we look at transportation.
For early investors who act fast, this opportunity couldn’t be more lucrative.
A perfect storm is brewing between the biggest automotive companies in the world right now…
And former hedge fund insider Lance Ippolito just uncovered one under-the-radar company that could hold the keys to unlock the next wave of EV millionaires.