Wednesday, December 02, 2020

Only In Arizona, Kids! > Dr. Christ - The Great State's Department of Health Services Director

We're gonna need "a miracle" to overcome the incompetence of Dr. Cara Christ.

Apparently the ADHS took four days off for the Thanksgiving Holiday Weekend - The COVID-19 Pandemic didn't take any time off. It's getting far worse. Holiday travel and gatherings were expected to increase cases and related hospitalizations in the next few weeks, she said.

We are so blessed!

Arizona cites holiday reporting delays for record 10K cases

Ross D. Franklin

In this June 25 photo Arizona Department of Health Service Director Dr. Cara Christ speaks about the latest Arizona coronavirus data at a news conference in Phoenix. Arizona on Tuesday reported over 10,000 new known coronavirus cases, but the Dr. Christ said the record number nearly three times the latest seven-day daily rolling average reflected not only the current surge but also delayed reporting by local health officials due to the Thanksgiving holiday weekend. [AP Photo/Ross D. Franklin]

Posted Tuesday, December 1, 2020 9:41 am

PAUL DAVENPORT

PHOENIX (AP) — Arizona on Tuesday reported over 10,000 new known coronavirus cases, but the state said the record number nearly three times the latest seven-day daily rolling average reflected not only the current surge but also delayed reporting by local health officials due to the Thanksgiving holiday weekend.

“Today, the number of new cases reported is up significantly from what has been reported in the past. This large number of newly reported cases is a result of the extended four-day weekend," the state health director said. . . Christ wrote in a blog post that the long weekend meant “classification was delayed for a large portion of cases, resulting in much higher numbers than usual."

Economic Forecast 2021 > Erratic Recovery

That's the most recent report today from the Reuters Global Investment Outlook Summit

Summit News

December 2, 20201:24 AMUpdated an hour ago

Recovery to be erratic, Emerging stocks to rise in 2021: Invesco

By Divya Chowdhury3 Min Read

U.S.

(Reuters) - A recovery from the pandemic will be erratic but loose monetary policy around the world and vaccine optimism would keep risk assets supported, a global markets strategist at Invesco said on Wednesday.

Asia-Pacific equities, specifically markets in Greater China and North Asia, are expected to rise on COVID-19 containment measures, a rebound in economic activity and increased capital expenditure from the 5G rollout, David Chao, global markets strategist for Asia Pacific at Invesco, told the Reuters Global Markets Forum.

“I am very much overweight equities over fixed income... 2021 could be a great year for emerging market (EM) stocks,” Chao said at the Reuters Global Investment Outlook Summit, 2021.

Stock markets in the United States are expected to go through a period of correction, Chao said, adding that a broader rotation into value and cyclical stocks in the near-term was likely.

“From a fundamental standpoint, widespread inoculation will fuel a pickup in global demand, which should see cyclicals and value stocks rally relative to growth,” he said.

From a valuation perspective, Chao said, the disparity between value stocks, at 17 times price-to-earnings (P-E), and growth stocks, at 38 times P-E, was greater than the early-2000 record.

“For a continued rally of value stocks, there needs to be economic growth, higher inflation, rising bond yields and improved corporate earnings, which will hinge on a vaccine being approved and available to the public,” he added.

Chao expected the U.S. dollar to weaken in the first half of 2021 due to ample liquidity from the Federal Reserve’s ultra-loose monetary policies and additional fiscal stimulus measures.

For those same reasons and as a vaccine becomes available, Chao said inflation could “finally start to rear its head” in the second half of 2021.

“There will be a day of reckoning ... and the first sign will be inflation and then credit defaults. However, that day isn’t on the horizon just yet,” he said, while adding that those policies are needed globally to ensure the pandemic doesn’t cause permanent economic damage.

For other newsfrom Reuters Global Investment Outlook Summit 2021, click here

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(This interview was conducted in the Reuters Global Markets Forum, a chat room hosted on the Refinitiv Messenger platform. Sign up here to join GMF: refini.tv/33uoFoQ)