News from johnpatrick.com

Vaccine

The WHO has a dashboard which shows what is going on country by country. Globally, as of  November 12, there have been 251,788,329 confirmed cases of COVID-19, including 5,077,907 deaths, reported to WHO. A total of 7,160,396,495 vaccine doses have been administered. The virus is picking up again but, hopefully, the rollout of boosters and vaccine for children will slow it down again.

Space

A SpaceX Falcon 9 rocket launched a Crew Dragon spacecraft on its fifth flight with astronauts. NASA astronauts Raja Chari and Thomas Marshburn, European Space Agency astronaut Matthias Maurer, and NASA mission specialist Kayla Barron are now beginning a six-month expedition on the International Space Station. My son and I watched the launch from our terrace in Palm Coast. Even 50+ miles away the sight was spectacular. 

Wall Street

Stocks continue to look good. Six of the seven GAMMAT stocks had strong gains. They now represent more than 27% of the S&P 500.  Tesla had a correction after Elon Musk announced he is selling shares. I see that as very temporary unless some operational snags slow down production. Rivian hoped to get an $80 billion market cap with its IPO. It closed at $127 billion. Roblox had a spectacular rise after its earnings report. They may be the most important player in the metaverse. Coinbase gained despite weak crypto.

Crypto

I don’t think the flippening of Ethereum over Bitcoin will happen. Crypto overall has climbed to $2.8 trillion and almost 24% of all crypto. Bitcoin is 43% of it. Many pluses and minuses circle the world of crypto. Looks like the World Wide Web in 1995. Still bullish but patient.