The globalist business media is ‘all-in’ promoting the ‘second wave’ narrative to keep America locked down as we approach the November election and the possible re-election of President Donald J. Trump. Markets are selling off as a result. At the time of publishing, the DOW is off upwards of 3%.
CDMedia has no doubt the Chinese coronavirus is real; however, we also believe it is very manageable as far as its health impact on American society. Panic and lockdowns are not responsible or necessary.
The globalist media has an agenda; to prevent Trump’s re-election and to destroy his base of ‘makers’ in America. These are the people that work hard, start businesses, are self-reliant, and don’t need the government at all. Therefore their livelihood must be destroyed in this Maoist revolution America is experiencing.
Texas, California and Florida reported large increases in virus cases.
In economic news, a larger than expected crude build put pressure on oil prices.
MBA Mortgage Applications (Jun 19) printed at -8.7%.
Housing Price Index (MoM) (Apr) printed at 0.2%.
EIA Crude Oil Stocks Change (Jun 19) printed at 1.442M vs 1.215M consensus estimate.