Case Data Still Matters

Apple announced today it is closing some stores due to Coronavirus.

From macrumors.com

You can see the immediate impact on the stock market here:

Case data will still matter. If the state doesn’t shut down things, businesses will from a fear of liability. Casinos in AZ are also closing due to a spike in cases.

The data in AZ and other states is getting much worse.

COVID-19 Data for Arizona

This has serious implications for the economy if it continues.

One Dollar Makes You Holler!

I’ve posted a few things about Robinhood users gambling. I think this graph shows it most clearly. Here are the number of positions held by Robinhood users with a share price under $1.

Number of Positions with Share Price under $1

These positions currently represent close to 10% of all investments by Robinhood users. Cheaper than a PowerBall ticket I guess!