How will Covid-19/Coronavirus Affect my Alternative Investment Portfolio? Part 16: June 13th
Updated: Feb 8
U.S.'s mixed progress against the virus may be slowing; Georgia's muted reopening appears to stall; "Houston We Have a Problem" -- signs that a second virus wave is swelling; Economy pinned to the mat by yet more massive unemployment; Almost $1.5 trillion of crucially needed stimulus funds sitting idle due to bureaucracy; OECD expects U.S. recovery will lag behind top-performing countries; The stock market's triumph of optimism over experience; Thousands of "long haulers" claim debilitating symptoms of Covid-19 can last months; Type O blood may be protective against the virus; More unexpectedly fast progress in the race for a treatment; Update on my investment strategy.
(Usual disclaimer: I'm just an investor expressing my personal opinion and not a registered financial advisor, attorney or accountant. Consult your own financial professionals before making any financial decisions. Code of Ethics: I/we do not accept any money from any sponsor or platform for anything, including postings, reviews, referring investors, affiliate leads or advertising. Nor do we negotiate special terms for ourselves in the club above what we negotiate for the benefit of members.).
Many things happened this week that could affect investors. This week the news was tilted toward the economic repercussions of the crisis, and included a bit more about the virus than it has for the last 2 weeks.
By the way, this is one article in a multi-part series that has been published weekly since the pandemic began back in March 2020. The series started with three introductory articles on the virus, effect on the economy and alternative investment classes. And then it moved on to weekly updates on the latest and greatest developments (along with weekly updates on my evolving personal portfolio strategy). You can see the links to every article in the series here.
U.S.'s Mixed Progress Against The Virus May Be Slowing
This week, the U.S. continued to battle the coronavirus that causes the Covid-19 disease. And this week, more than 5,000 additional people died as the death toll climbed to 117,141 (versus 111,627 last week).