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Violent protests broke out across the country this weekend.
Anger over George Floyd’s death in Minneapolis sparked protests and riots across the country. It’s the sixth day of protests.
Over 50% of states have activated the National Guard to help keep the peace.
There are concerns that the protests and rioting will increase the spread of the virus and cause a second wave of the coronavirus outbreak. Specifically, protesters are in large groups and in close proximity. Mayors in Minneapolis, Atlanta and New York are warning that a second coronavirus outbreak could take place.
There were 20,000 new coronavirus cases reported on Sunday.
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England Re-Opens Schools Amid Coronavirus Outbreak
England has re-opened schools across the country. Yet only 50% of students were expected to return to school due to the coronavirus outbreak. Many parents are keeping their children at home rather than sending them back to school.
Wuhan Testing 11 Million Citizens
Wuhan plans to test all 11 million citizens in the next week to screen for a another wave in the coronavirus outbreak. The city tested 6.5 million people within the first two weeks of its campaign.
NFL Plans Daily Testing
The NFL is preparing for the 2020 / 20201 season. The plan calls for daily testing of all players during the season. It would result in a total of 25,000 – 30,000 coronavirus tests.
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Coronavirus Outbreak: Latest Numbers
Here are the numbers from Monday at 10 a.m. ET:
- 6,299,091 Infected worldwide
- 374,476 Deaths
- 1,839,126 Infected in the U.S.
- 106,241 Deaths in the U.S.
What’s Next
Stocks inches up on Monday morning – following a healthy rally last week.
Growing tensions with China – and protests through the U.S. – have put a near-term damper on the recent rally for stocks. Additionally, with markets trading near their pre-Covid levels there simply isn’t as much upside potential for the large indices.
The S&P 500 is currently trading down 6% year-to-date. And that means the bull market for stocks may be temporarily running out of steam.
Yet you can collect huge income – even when stocks are treading water. In fact, you could be collecting checks for $395 from Apple, $232 from Caterpillar and $310 from IBM.
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Yours in Health & Wealth,
Ian Wyatt