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The head of the Centers for Disease Control and Prevention is issuing a warning:
Prepare for a second wave of the coronavirus outbreak this winter.
“There’s a possibility that the assault of the virus on our nation next winter will actually be even more difficult than the one we just went through,” said CDC Director Dr. Robert Redfield.
New evidence suggests that the virus arrived in the U.S. much earlier than previously thought.
In Santa Clara County, California, one individual died on Feb 6. And a second passed away on Feb. 17. Neither person had travel or known contacts that would have exposed them to the virus.
Two studies in California are showing higher-than-expected infection rates among the general population.
Santa Clara County in the Bay Area has been doing random tests of individuals to discover infection rates. As of early April, the antibody tests indicated that 2.5% to 4% of the county’s 1.9 million people have been infected.
In Los Angeles County, a random test is yielding similar results. The findings suggest that 2.8% to 5.6% of the population has been infected.
This news from California suggests that the virus arrived in the U.S. in January. Additionally, it indicates that the outbreak was circulating undetected for many weeks before the alarm bells went off.
The Big News . . .
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Trump Plans Immigration Halt
President Trump announced plans to stop the issuance of Green Cards. The move will be in effect for 60 days. Trump plans to continue allowing a guest worker program. And family members of those in the U.S. will be able to apply for green cards.
House Votes on $484 Billion Stimulus
Yesterday, the Senate passed a $484 stimulus bill. The bill expands the Payroll Protection Program for small businesses. The House of Representatives must return to Washington for a vote on Thursday.
China Used Social Media to Create Panic
China is accused of creating panic in the U.S. related to the outbreak. According to the New York Times, China agencies used text messaging and social media to scare Americans. The messages said that Trump was preparing for a 100% lockdown of the entire U.S.
New $1 Trillion Stimulus
Republicans on Capitol Hill are starting work on another stimulus bill. This one is expected to top $1 trillion and include huge spending on infrastructure projects including 5G. Go here for the top All American 5G stocks to BUY NOW.
The Coronavirus Numbers
Here are the numbers from Wednesday at 11:15 a.m. ET.
- 2,588,238 Infected worldwide
- 180,013 Deaths
- 820,273 Infected in the U.S.
- 45,430 Deaths in the U.S.
The outbreak will crush U.S. corporations and their earnings. Reports start next week.
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What’s Next
Stocks experienced a significant setback early this week. Plunging oil prices and poor earnings are to blame for the rout.
After two days of declines, stocks are rebounding on Wednesday morning. In late morning trading, stocks were rising 2% and oil was also posting healthy gains of over 10%.
Earnings season continues to create great uncertainty for the stock market.
While most long-term investors are in a panic . . .
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Yours in Health & Wealth,
Ian Wyatt