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By Staff Reporters
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| More than 300 people are still dying each day on average from covid-19, most of them 65 or older, according to data from the Centers for Disease Control and Prevention. While that’s much lower than the 2,000 daily toll at the peak of the delta wave, it is still roughly two to three times the rate at which people die of the flu — renewing debate about what is an “acceptable loss.” And, U.S. equities started off the new week with solid losses, as protests in China over its zero-tolerance COVID policy kept investors on edge. Adding to the mix, BlockFi filed for bankruptcy amid the continued fallout within the cryptocurrency markets. Equity news was in short supply on this Cyber Monday, with reports suggesting Black Friday weekend activity was solid despite the highly inflationary environment, while gaming stocks were in focus following a tentative agreement to renew casino licenses in Macau. The economic calendar was light today, with the lone report of note showing manufacturing activity in the Dallas region unexpectedly improved but remained solidly in contraction territory. Treasury yields were mixed, while the U.S. dollar rallied, crude oil prices were higher, and gold traded to the downside. Markets in Asia and Europe finished lower amid the global uneasiness toward China. |
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Filed under: "Advisors Only", "Ask-an-Advisor", Alerts Sign-Up, Ethics, Investing, LifeStyle | Tagged: covid, covid up, markets, markets down |
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