Stock Market Update: July 11, 2020

The market continues to prove itself fairly resilient. Some say it is related to the fed policy. Technology has benefited from the work from home and stay at home mandates in reaction to the COVID pandemic. 

If the SDS ETF which is a hyper short vehicle is any indication, the markets are okay for now.  In the 2009 crisis, shorts were an indicator of how the market was doing. 

Here is a snapshot of how many COVID cases the US has as of this week.

and a comparison to the flu season:

We are living in interesting times indeed.