The US had over 31,5000 new COVID-19 cases today. This is the most cases in over 6 weeks. Here’s the comparison to Italy.
The 7 day average is rising as well – cases are INCREASING in the U.S.
This is because of many states like AZ, TX, and FL. All of these states have serious problems that may only be solvable with another lockdown.
Apple announced today it is closing some stores due to Coronavirus.
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.
This has serious implications for the economy if it continues.