Daily Covid and Markets - Wednesday July 29
The Dividend Cafe
The Dividend Cafe - The Bahnsen Group
4.9 • 572 Ratings
🗓️ 29 July 2020
⏱️ 15 minutes
🔗️ Recording | Apple Podcasts | RSS
🧾️ Download transcript
Summary
COVID Health Information
In the “F.A.C.T.” section below, you will see what I believe is the most important data point this summer around the Arizona/New York case data …
Yesterday’s new cases vs. the Tuesday of last week declined 4.5%, making it the third day in a row of week-to-week decline, something that Pantheon pointed out to me this morning has not happened since late May. The 7-day moving average of new cases is down 4% since its peak.
The California and Texas hospitalization reporting is totally screwed up, and so national trends are distorted when two of the largest states can’t get their reporting straight. Where states had a hospitalization issue and are not struggling with reporting, the trend is very clear that hospitalizations are declining, ICU’s are declining (though not as much as hospital admissions), discharges are increasing, and stay time in hospitals has been cut in half from what it was in April.
I want to provide all data, good and bad, so I have been including each day the facts around case growth in some states like Oklahoma, Alaska, Rhode Island, etc. And while the empirical fact of case growth, not case decline, has been pointed out there, I think it adds to the honesty of the presentation to mention that the “case growth” there has come off of very, very low bases.
A fascinating look at Sweden’s situation with some quotes from the “Anthony Fauci of Sweden” (Anders Tegnell) throughout.
I read a fascinating study this morning from the Mayo Clinic concluding that there have been substantially lower COVID infection rates for those who have received vaccines in the last five years for non-COVID related diseases such as polio, Hepatitis, geriatric flu, and others … Happy to send to those interested (a heavy read).
Sometimes the thing to do when forecasts are off is not be critical, but be grateful. And also, to learn for the future …
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Welcome to the Dividend Cafe, weekly market commentary focused on dividends in your portfolio |
| 0:06.5 | and dividends in your understanding of economic life. |
| 0:12.7 | Hello and welcome to today's COVID and markets podcast, brought to you by the Dividing Cafe |
| 0:17.3 | of the Bonson Group in today's Wednesday the 29th and we have another day behind us |
| 0:23.7 | and kind of an interesting day. The market, the Dow was up at 160 points. The S&P and the NASDAQ |
| 0:32.9 | were both up about double, a little more than double, on a percentage basis. And I'm totally fine to say |
| 0:40.9 | that the market went up today after, you know, Fed comments. As long as someone could explain to me |
| 0:46.6 | what the Fed said today that everyone in the world didn't already know. There wasn't anything new, |
| 0:53.1 | no surprises, you know, nothing that could be really |
| 0:55.7 | thought of is market boosting out of the Fed commentary today. So I do think it's one of those days |
| 1:02.8 | where in all humility, it's better just to say the market went up because it went up. But there |
| 1:07.7 | was some good earnings news today. The Fed is always nice to hear them stand and say |
| 1:14.7 | they're there to back up every risk asset on the planet and things of that nature. I also suspect |
| 1:21.2 | there could be some leakage around some of tomorrow's earnings announcements, but again, those |
| 1:26.1 | kinds of things are always very hard to prove. So, |
| 1:29.8 | you know, where we are is that the market is in a trading range and it's positively biased, |
| 1:37.2 | and today there was some upside around that. As far as some of the COVID-related announcements, I'm recording a little too early today to give you a total snapshot on today, |
| 1:49.8 | but some of the earlier reporting states are continuing in their trend, and I definitely want to focus a little attention on Florida. |
| 1:57.3 | It is the fourth day in a row that Florida's case growth has come in well below 10,000. |
| 2:02.9 | And before that, it was 14 days in a row that they had been most, I think 11 or 12 of those 14 days. |
| 2:11.0 | They were well over 10,000. |
| 2:12.6 | They had averaged about 12,000 a day for 14 days. |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from The Dividend Cafe - The Bahnsen Group, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of The Dividend Cafe - The Bahnsen Group and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.