“The U.S. for the first time reported more than 150,000 new coronavirus cases in a single day, driven by record infection counts in more than a dozen states,” WSJ writes.
Numbers To Consider:
- U.S. Total Cases: 10,543,486
- U.S. Daily Cases: 153,000
- Total U.S. Hospitalizations: 67,096
- Patients in Intensive Care Units: 12,796
- U.S. Death Toll: 242,022
Other Important Details:
- California joined Texas as U.S. states to reach one million total cases.
- Daily cases surged in Illinois, Ohio, Minnesota, Pennsylvania, Indiana, Colorado, Utah, New Mexico, South Dakota, North Dakota, Oregon, New Hampshire and Vermont.
- Governors in New York, Maryland, Minnesota, Iowa, Utah and other states are implementing new restrictions to constrain what some officials say is the “most widespread and intense” resurgence of Covid-19 since March.
Data courtesy of Johns Hopkins University.
The stock market is in a tug-of-war battle between being afraid of recent Covid-19 case spikes and being optimistic about a vaccine. I am generally bullish on the stock market over 2021 but do anticipate that vaccine delay risks remain. For now, I am keeping our target cash allocation at 10%.