Fauci says coronavirus may be mutating to become more infectious

Dr. Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases, said in an interview with the Journal of the American Medical Association on Thursday that the virus may be mutating to become more transmissible, with high viral loads. “We don’t have a connection between whether an individual does worse with this or not. It just seems that the virus replicates better and may be more transmissible. But this is still at the stage of trying to confirm that,” said Fauci. The study he references, released by researchers affiliated with the Sheffield COVID-19 Genomics Group, states that the new strain “has become the most prevalent form in the global pandemic,” and that it differs from the one that struck Wuhan, China, late last year. READ MORE

TECHNICAL CHARTS – OIL, DOW, SP500

OVERALL on Friday the MARKET remained cautious as 4th July Celebration in the US.

KEY TAKEAWAYS

  • SP500 & DOW is still fragile
  • With the massive rise of Pandemic in the US is only making the market nervous at this stage
  • “V” Shape recovery will be test this month
  • We remain cautious

WHAT ABOUT THE PSE?

KEY TAKEAWAYS

  • On Friday the market ended with gain but remains cautious throughout the week
  • The 2 New IPO have given the exchange some volatility
  • We should see more volatility this week as China experiencing second wave of Virus – which may trigger next round of Sell-off; but we believe that China will contain it well
  • We are bullish for this week

FINWAZE – MANG MATEO

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