News from johnpatrick.com
The WHO has a dashboard which shows what is going on country by country. Globally, as of December 17, 2021, there have been 272 million confirmed cases of COVID-19, including 5.3 deaths, reported to WHO. A total of 8.3 million vaccine doses have been administered. Studies continue to show more than 30% of the population are still unvaccinated. Omicron is not as deadly but hospitals are still filling up and some are stopping elective procedures. 75% of the hospital cases are unvaccinated.
Tech stocks still taking a big hit because analysts think the values were too high and a de-risking is needed. Some of them have begun to bounce back. I remain bullish on tech. Might take some time to get strong again. GAMMAT stocks are still above $10 trillion and 28% of S&P 500. Apple got close to $3 trillion and will come at again. Meme stocks are still amazing. AMC, for example, was up 20%. Why? Spiderman brought some viewers into the theaters. I was in an AMC theater Friday night to see West Side Story. There were 14 people in the audience. Maybe AMC can make it on its $7 Cokes and $10 Popcorn.
Crypto overall stable and still at $2.2 trillion and 20% of gold. Dogecoin got a boost when Elon Musk said Tesla would accept Dogecoin for merchandise items. I tried it no Dogecoin payment option was available. Guess they are working on it. Bitcoin is a much better choice. I remain bullish overall for crypto.