Mike’s note: Here at Market Minute, it’s not often we veer from giving you the short-term trading advice you need to make big gains in the current market.
But, with COVID-19 still dominating the mainstream media, it’s hard to separate the fearmongering and fabrication from facts. Our colleague and editor of Exponential Tech Investor, Jeff Brown, is here to set it straight.
Read on to find out why the reporting in New York was slanted, and be sure to click here to watch a replay Jeff’s 5G summit, where over 15,000 people joined to find out which stocks have the potential to double and triple returns — despite the crisis… and you can too, right here.
Days ago, CBS News was caught red-handed trying to manipulate public perception of the pandemic.
It was “reporting” on the COVID-19 outbreak in New York City and aired video of a
supposedly overcrowded NYC hospital.
But there was one major problem: CBS News was using footage from a hospital in Italy, not New
York.
This kind of nonsense is completely unethical, and it exacerbates the problem. And it got me thinking about what is really happening across the U.S. and, of course, in New York.
I called on people in my network who are working in the health care industry from California to Washington, D.C. What I heard may surprise you.
Some hospitals now are running at 50% capacity or less. Almost all elective surgeries have been postponed. The workload has dropped so dramatically, they are sending workers home early each day.
The New York City area is an exception. After all, about 20% of all U.S. confirmed cases are in the NYC area. And as of April 9, New York state just broke its record for the largest single-day coronavirus death toll for the third consecutive day. This level of human suffering is heartbreaking to see. And I don’t mean to diminish the pain the world is going through by what I say next.
I’ve gained some insights regarding the NYC health care system.
Last week, I was on a call with a pandemic expert from Johns Hopkins University. He commented that NYC is unique due to its very high population density compared to the rest of the country.
He also said that some NYC area hospitals went offline in previous years with the result that “NYC hospitals are almost always stressed.”
He explained that “NYC hospitals almost broke during the 2017–2018 flu season.” For reference, about 61,000 people died during that flu season.
But here was his most interesting comment: The “rate of hospitalization in NYC is decreasing every day.” It is decreasing, not increasing. In many ways, this makes sense.
After all, COVID-19 was spreading exponentially from January through early March pretty much unfettered. Based on the data out of Iceland, more than 99% of those who have COVID-19 are asymptomatic or have mild or moderate symptoms requiring no care.
And Dr. David Price, from the Weill Cornell Medical Center in New York City, stated that of those who come to a hospital thinking they have COVID-19, only about 1–3% need care. The majority of those go on ventilators and recover in 7–10 days.
This is such a different reality from what I’m seeing from the mainstream media.
I’ll tell you what I make sure to do every day since my travel has been dramatically curtailed… I make an effort to get sunshine, fresh air, exercise, and good rest. These are all critical things that help boost our immune systems.
Here I am with a good “friend,” a 20 kg (44 lbs) kettlebell.
Last week involved 200 kettlebell swings and 100 push-ups. Not bad after just getting out of my sling in January after my shoulder surgery in mid-December.
I’m beginning to see the light at the end of the tunnel for COVID-19.
Best wishes to all.
Jeff Brown
Editor, Exponential Tech Investor
P.S. For us as investors, this has presented a unique opportunity…
The panic around COVID-19 has taken its toll on stocks. The S&P 500 is down more than 20%
from its recent high. Airlines, restaurants, and cruise ships are struggling. But for one technology, demand is soaring.
I’m talking about wireless networks. Peak usage has jumped 20–40% just in the last few weeks. Any company providing wireless services has seen a massive spike in demand. And any company making the products that go into 5G infrastructure is getting slammed with new orders as we speak.
And yet the best 5G companies are trading at “bargain” valuations right now. This is an unprecedented opportunity. It’s one that offers life-changing returns. And it’s going full-steam ahead regardless of COVID-19.
I want all investors to take advantage of this rare setup. That’s why I hosted the State of 5G Summit this past Wednesday. Click here to watch a replay.
I’ll tell you why COVID-19 can’t stop the 5G rollout. And I’ll also reveal
which 5G stocks you can buy at a discount for potentially life-changing returns.