US close, nos etc..10 Sep 2021 05:46
A pandemic among the (80m) unvaccinated in America is causing the Delta variant to take hold in the Mid West and other places. Texas and Florida account for (44,000) of the daily numbers. Biden is cracking down on those who refuse to get the jab, blaming them fo putting other citizens at risk. Some form of mandatory vaccination is being pursued particularly among healthcare workers. Currently the infection rate is higher than last year with daily rates around (150 -160,000) and fatalities at (c.1500). At its peak the daily infection rate hit c.225,000+.
US mrkts are slowly waking up to this 4th wave impacting on jobs and stalling the recovery. A ****tail of worries face financial mrkts, China growth, the persistence of the Delta variant, toppy techs, global growth peaking, rate worries, a set of mixed US Co results, Broker downgrades on US equities and consumer spending. Despite this gloomy background the Dow is 17% ahead under Biden and 14% up ytd.
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Morning all.