How Will Covid-19/Coronavirus Affect my Alternative Investment Portfolio? Part 25: August 15th
Updated: Feb 8
Second U.S. death wave shows hints of plateauing; Mixed progress on second infection wave as some states beat it back while others appear to be losing control; Georgia's economic recovery continues to look very hobbled; Number of newly jobless finally drops below 1 million for a week, but snail pace recovery leaves little reason to celebrate; Consumer sentiment stuck at pandemic lows; The silent small business massacre; Economic recovery in most advanced economies stalls with U.S. near the bottom; Financial cliff update: another week goes by with no relief; Shocking one-third of American renters say they will miss their August payment without help; Stock market soars and comes within whisker of record high. "Mission complete" or "sucker's rally"?; Wearing a neck gaiter may be worse than no mask at all; Operation Warp Speed awards up to $1.5 billion to Moderna for Covid-19 vaccine candidate; Update on my portfolio.
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This week, a lot of the important developments centered around the second virus wave, the economic effects of the pandemic and latest vaccine and treatment related investments by Operation Warp Speed.
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.
Second U.S. Death Wave Shows Hints of Plateauing
For the 22nd 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 172,132 (versus 164,144 last Saturday morning).