I know people who work for the NIH, and they state that an internal conference call was held Wednesday. On that call a few “experts” in the federal government who have analyzed the cases in Asia believe there will be a 2nd COVID-19 spike of cases in the US in August. Pure speculation. However, this info must have been leaked to Wall Street. The information spread like wildfire. Wall Street reacted out of fear.
That makes more sense, and we are getting something in Texas as we open up. As far as Seattle goes, most investors don’t even know about it, and most that do understand it’s simply a tantrum that will quickly run its course.
Doesn’t take much of a “leak”..the numbers are pretty much public knowledge and there are increases reportedly happening in many states across the country - including some like Florida who never seemed to take things that seriously to begin with, and Texas who has a “open the economy back up ASAP at all costs - if we lose some old coots in the process, so be it” approach.