Global markets were sent into a tailspin overnight as the number of people, some related to recent protests, contracted COVID-19 and have passed it on in their communities. The most shocking numbers are coming out of 7 states in the US, with California as a standout. California is now reporting 1,000 to 2,000 cases per day, while New York and Chicago are seeing their numbers collapse – masks and social distancing are effective. Now the challenge is to open all parts of the US economy and understand that keeping the country in a coma is not an option. Economic activity is necessary for a healthy society – we saw higher levels of anger and violence that erupted in the during protests, much of which was due to the population being locked up for 3 months. Now the most recent discussions point to fear of a second wave, but despite the spike in fear, the numbers are higher, but not nationwide. Fear is now driving news reports.
Second Wave: COVID-19 Fear
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