A Short Lived Victory

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In my last post, I was raving about how the stock market has shot upward in a matter of 12 hours. The Dow Jones index has had a strict increase from June 5 to June 8, but then erased a lot of its gains this past Thursday, June 11th with a 1,800 point decrease.

This is likely attributed to the prompt reopening of states. States all over the United States are lifting coronavirus restrictions, perhaps faster than they should be. There have been 14 states with coronavirus case increase greater than 50% after reopening. Arizona has reported a 93% increase in COVID-19 cases in hospitals due to the premature reopening. Although states are adamant about opening up again, it may be in the best interest of the economy and the country's health to keep closed a bit longer.

I'd recommend opening up slower than what we have been doing. For example, many states only have 2 phases of reopening. However, if we split that up into 4 or 5, then that would be of great benefit to the country. 

For now, stay safe everyone.

FINAL TAKE: hold all of your stocks until the economy starts trending upward again! INVEST RESPONSIBLY.

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