Pandemic: Trump Says 240,000 Americans Could Die

100,000 – 240,000 Americans may die in the coronavirus pandemic in the coming weeks.

“It will be a very painful two weeks,” said President Trump at last night’s Coronavirus Daily Briefing.

Inside the marathon briefing, Dr. Anthony Fauci and Dr. Deborah Birx shared the data outlining the dire projection.

The numbers helped convince President Trump to extend social distancing guidelines until April 30. And Trump says that without restrictions, the pandemic death toll in the U.S. could surge past 2 million.

It was a somber message from the president – who has tried to remain optimistic regarding the coronavirus. Yet yesterday’s briefing shows that the White House is now in 100% agreement – things are about to get much worse.

There remains great uncertainty for the health of America, the global economy and the stock market.

This uncertainty will assure that stock market volatility remains high.

In fact, the volatility of the stock market has surged over 500% since February!

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The Big News…

United Nations: Pandemic Is Biggest Crisis Since World War II

“It is a combination, on one hand, of a disease that represents a threat to everybody in the world and, second, because it has an economic impact that will bring a recession that probably has no parallel in the recent past,” said the Secretary General of the United Nations. “This is, indeed, the most challenging crisis we have faced since the Second World War,” he said.

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Economists Expect 3.5 Million New Jobless Claims Tomorrow

The weekly jobless claims report comes out tomorrow morning. Among 46 economists surveyed, they estimate that new claims will top 3.5 million. That is ahead of the 3.3 million from last week. The range of projections is 800,000 – 6.5 million.

Goldman Sachs: 15% Unemployment and 34% GDP Decline

Goldman Sachs just updated its pandemic projections for employment. The firm now expects unemployment will top 15% and GDP will plunge 34%.

CDC Considers Mask Recommendation

The Centers for Disease Control is reconsidering its guidance on marks. Previously, the organization has said that only infected individuals should wear masks. However, they are now considering reversal and recommending that EVERYONE wear masks in public.

Bill Gates: #1 Covid-19 Stock

Microsoft founder Bill Gates is putting up millions to fund a new coronavirus vaccine. In fact, he’s placing a big bet on one tiny biotech stocks. This tiny stock could surge 3,825% as it rushes through FDA trials. Go here for urgent details (it’s FREE).

The Coronavirus Numbers

Here are the numbers from Wednesday morning at 9:50 ET.

884,075 Infected worldwide
44,169 Deaths
188,881 Infected in the U.S.
4,066 Deaths in the U.S.

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What’s Next

After President Trump’s warning, the stock market is falling,

It appears that the market had put hope in the president’s optimism. Yet it’s now clear that America will NOT be back to business as usual very soon. And the churches will NOT be packed on Easter Sunday.

In early trading, U.S. stock indices are trading down 3%.

This type of increased volatility in the market will continue in the coming weeks.

Investors are grappling with the full impact of the coronavirus pandemic – on both the health front and economic front. These are unchartered waters – with no previous roadmap to follow.

I’m expecting frequent daily moves of 2% – 5% or more will be commonplace through the end of April.

Now, this volatility makes “buy and hold” investors uneasy.

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Yours in Health & Wealth,

Ian Wyatt