Winning!
If Charlie Sheen has taught us nothing else, it's that saying you are winning – over and over again – can actually make people think you are winning… Even when things are actually spiraling out of control. Yesterday, the US set a new record with 582,044 cases of Covid reported in 24 hours, just as we head into the one day a year when it can be guaranteed that people will be gathering in large crowds this evening. Winning!
Nothing happening in the markets during this low-volume week actually matters but, when we cross 1M new cases of Covid per day in January – that might start to matter. So far, thankfully, the death rates and hospitalization rates are not so bad but the total number of deaths in the US is about to hit 850,000 (1.5%) out of 54.3M Americans who have been infected so far.
In the past month, 5.4M people have been infected – that's 10% of the people who were infected over the prior two years and 37,114 people died – that's 4.3% of the people who died in total and that's only 0.67% of the people recently infected so WINNING as half as many people are dying even though twice as many people are being infected – winning!
We are indeed fortunate (winning) that the Omicron…
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