Some Wyckoff stuff written only 112 years ago – still applies
Archives of “June 24, 2020” day
rssUS coronavirus hospitalisations continue to surge to record highs each day
- Texas coronavirus cases up 5489 vs 3280 yesterday
Cases can be sought to be brushed aside by the deniers as being the result oif more testing, but measures such as hospitalizations and deaths cannot be dismissed so readily.
Other data:
Confirmed COVID patients in Texas hospitals went up by 381 in just 1 day
- Now at 4,092, the 12th record day in a row
- COVID patients in Texas hospitals have risen 61% in one week
- COVID patients in Texas hospitals up 171% since Memorial Day
Meanwhile, in LA.
- for the fourth day in a week the region +2,000 new COVID-19 cases, Los Angeles County at 2,364 new Covid-19 cases, a record daily increase.
- Deaths are up week-over-week
- highest positive test rate since May 16 (test rate shows that the surge in cases is not only a reflection of more testing … sorry deniers)
- Hospitalizations now over 1,500, the number of hospitalized highest since May 18
$SPX is projected to report its largest Y/Y decline in earnings in Q2 2020 (-43.8%) since Q4 2008 (-69.1%)
China’s Global Times says Navarro’s clarification can’t undo damage to phase one trade deal
On Monday evening US time White House trade adviser Peter Navarro really stuck his foot in his mouth.
ICYMI, as it happened:
- Peter Navarro declares trade deal with China is over
- Risk trades getting smashed on the Navarro comments that trade deal with China
- More on White House trade adviser Navarro announcing the trade deal with China is over
- Trump economic adviser Kudlow confirms the trade deal with China is not over
- Epic Navarro stuff up –Donald weighs in to clear things up: “China Trade Deal is fully intact”
The GT is not letting him off the hook:
- Navarro’s irresponsible comments have already had an impact on financial markets and the deal itself.
- Navarro has actually cast suspicion on the trade deal with his reckless and contradictory attitude.
- the phase one trade deal is not the only issue in the US-China economic and trade relationship that requires efforts to eliminate doubts and concerns
- The US government needs to reflect on all the battlegrounds it has opened against China in recent months
‘Risk’ was quick to bounce back from Navarro’s blunder.
US indices close higher in the day but near lows for the day
Dow up for the 2nd straight day. NASDAQ closes at a record level after reaching a all time intraday high
The major indices close higher on the day but are also near lows for the day after some late day selling.
- Dow close higher for the 2nd straight day
- NASDAQ close higher for the 8th consecutive day
- NASDAQ closes at a record level
- NASDAQ reaches a new all time high
The final numbers are showing:
- S&P index up 13.43 points or 0.43% at 3131.29
- NASDAQ index up 74.89 points or 0.74% at 10131.36
- Dow industrial average up 131.14 points or 0.5% at 26156.10
Thought For A Day
