How Will Covid-19/Coronavirus Affect my Alternative Investment Portfolio? Part 24: August 8th
Updated: Feb 8
U.S.'s second death wave continues to climb, but there may be light at the end of the tunnel; Sunbelt states make progress against second wave of infections while all nervously eye potential third wave; The economic stall-out continues at dangerous and unsustainable levels; Economy hammered by more record unemployment as jobs recovery runs out of gas; Financial cliff update: more "jaw-jaw" but still no deal; Biggest U.S. banks report a gargantuan $150 billion of deadbeat consumer and business loans; Only a week into America's back-to-school experiment, and already some school districts are looking shaky; Eli Lilly announces Phase 3 trials of Covid-19 antibody drug for the elderly; Johnson & Johnson is awarded $1 billion by Operation Warp Speed for 100 million doses of its Covid-19 vaccine; Relief/NeuroRX treatment appears to dramatically turn around critically ill Covid-19 patients; Update on my portfolio.
(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.).
This week, the news was much accelerated compared to its pace last week. Most of the information centered around the second virus wave, the financial cliff, the effects of the virus on children, school re-openings and vaccines.
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 Second Death Wave Continues to Climb But There May Be Light at the End of the Tunnel
For the 21st week in a row, the United States battled the coronavirus called SARS-CoV-2, which causes the Covid-19 disease. By Saturday morning, the death toll had climbed to 164,144 (versus 156,772 last Saturday morning).