Eliminating all the loss of fear of the virus on Friday, headlines from Texas, with Governor Greg Abbott warning that the virus spread at an unacceptable rate caused some weakness …
“To state the obvious, COVID-19 is being distributed at an unacceptable rate in Texas.” Abbot says.
“The level of positivity has fallen from about 4.5% at the end of May to almost 9% today.”
“Our goal is to keep the Texans out of hospitals and reduce the number of Texans with a positive result … COVID has not just disappeared. We do not need to choose between work and health. We can have both“.
The mayor of Miami also poured cold water on hope:
“This is a real splash,” said Miami Beach Mayor Dan Gelber at a press conference. “No one can argue with the fact that more and more people are hospitalized.
He added that “one should not rely on irrational optimism that all this will disappear.”
From a technical point of view, the time was perfect …
Small caps are the hardest hit …
But the market remains a good offer on this day.