Subvariants BA.1.1, BA.2 and BA.3 are being monitored carefully. These more contagious versions of omicron are beginning to spread in U.S. It is still really important to get vaccinated and boosted. The WHO dashboard shows what is going on country by country. Globally, as of March 24, 2022, there have been 486.8 million confirmed cases of COVID-19. The death toll now exceeds 6.1 million. U.S. deaths have finally slowed down to less than 1,000 per day and are now at 972.8 thousand. Global vaccinations are at 11 billion doses administered.
SpaceX continues on a roll. In a bit more than three years, it launched a dozen Falcon 9 rockets. In fewer than three months, it launched and landed another dozen Falcon 9 rockets. NASA has ordered six additional ISS resupply missions from SpaceX. SpaceX Dragon will continue to deliver critical cargo and supplies to and from the orbiting lab through 2026.
The market rose modestly to begin the second quarter. The monthly jobs report indicated a strong labor market and the Federal Reserve is expected to maintain its hawkish policy stance. The six GAMMAT stocks are up to $10.4 trillion. The other techs were mostly flat. They have rallied some but many are a long way from their 52-week highs. I remain bullish on tech, large and small.
Crypto was strong and has risen to $2.1 trillion, 17% of market cap of gold. Interest in Web3, NFTs, DAOs, FinTech, and DeFi is high and going higher. One “expert” said Bitcoin will rise to $1.3 million. For every expert who has such lofty targets, there is another who says crypto will collapse. I remain bullish and believe we are moving toward a digital economy.