I had hoped to avoid any lengthy discussion of the coronavirus in my recent update to High-Yield Investing readers. Frankly, I’m a little tired of talking about it. And I’m betting you’re equally tired of reading about it. Unfortunately, the Covid-19 outbreak remains the biggest (if not the only) market mover right now. There’s just no avoiding it. Still, we had some good news come out over the weekend. The number of new cases rose by 30% in New York last week. How is that good? Well, it shows a deceleration from growth of 46% the prior week. In… Read More
I had hoped to avoid any lengthy discussion of the coronavirus in my recent update to High-Yield Investing readers. Frankly, I’m a little tired of talking about it. And I’m betting you’re equally tired of reading about it. Unfortunately, the Covid-19 outbreak remains the biggest (if not the only) market mover right now. There’s just no avoiding it. Still, we had some good news come out over the weekend. The number of new cases rose by 30% in New York last week. How is that good? Well, it shows a deceleration from growth of 46% the prior week. In other words, the virus is still spreading, but at a slower pace. We’ve also seen some promising numbers pertaining to the number of hospitilizations. While it still may be too early to tell, it’s looking like the numbers are slowing. At this point, we’ll take any good news we can get. Those results echo what we’ve been seeing worldwide. Countries like Austria have declared the worst to be over and are preparing to roll back social restrictions. Globally, the number of infections now tops the 1.5 million mark (you can see a map with all sorts of data here). Read More