COVID-19 Cases: The Pandemic’s Future Hangs In Suspense

An illustration of coronavirus cases and hospitalizations overlaid on a photograph of a medical professional looking out a window.

COVID-19 cases dropped about 5 percent this week, while testing rose 12 percent as backlogs in reported tests—always a little slower to recover than reported cases—rolled in following disruptive mid-February storms. The number of people hospitalized with COVID-19 dropped almost 16 percent week over week, making this the seventh straight week of sharp declines in hospitalizations. States and territories reported 12,927 deaths this week, including a substantial backlog from the Commonwealth of Virginia.

4 bar charts showing weekly COVID-19 metrics for the US. Cases fell nearly 5% this week while testing was up over 12%. Deaths continued to drop week over week.

The decline in cases has been a point of confusion in the past week, as daily reports briefly jogged up after a large drop following the long Presidents’ Day weekend and disruptive winter storms in mid-February. A look at percentage change in reported cases since November 1 helps illustrate the dips and rises in reported cases seen around Thanksgiving, Christmas, New Year’s Day, and—more recently—the winter storms in mid-February. (On November 8, California did not report data in time to be included in our daily compilation.) Cases may plateau or rise at any point, and a close watch of the numbers is essential as vaccinations roll out alongside the spread of SARS-CoV-2 variants. But we would urge data watchers to be wary of conflating reporting artifacts with real changes in the state of the pandemic.

Bar chart from Nov 1, 2020 - Mar 3, 2021 showing the daily percent change in the 7-day cases average. The 7-day avg rose for a few days a week ago, but this was likely due to storm reporting impacts.

Although it seems unlikely, based on current figures, that a new surge is showing up in the case numbers, it is quite possible that case declines are beginning to slow. With reported tests up 12 percent this week—likely also because of a storm-related dip and rise—it’s impossible to be certain whether the case decline is slowing because of an increase in testing, or because disease prevalence itself is declining, albeit more slowly. We can look to other metrics, however, to help us interpret the past two weeks of case numbers.

One way to confirm that a change in reported cases—especially one preceded by a disruptive event like a holiday or a major storm—reflects reality is to look at new hospital admissions. This metric, which is available in the federal hospitalization data set, has tracked very closely with cases since the hospitalization data set stabilized last fall, but has not shown the same vulnerability to reporting disruptions produced by holidays or severe weather. Charting federal case data against new-admissions data shows that the decline in new admissions continues, though slightly more slowly than the decline in cases.

Two line charts showing federal COVID-19 data: 7-day average cases over time and 7-day average hospital admissions over time. Admissions are dropping in recent days while cases hit a small plateau due to reporting artifacts.

This signal helps confirm that the brief rise in daily reported cases in the past week was very unlikely to signal a new surge in cases—though, again, cases may not be dropping as quickly as they were in late January and early February. It’s nevertheless important to note that cases remain extremely high, and have only this week dipped below the peak of the summer’s case surge. (Though we’re almost certainly detecting a larger percentage of cases now than we were in the summer, as our testing capacity in the U.S. has increased.) The sustained decline in cases and hospitalizations is very encouraging, but with multiple variants of SARS-CoV-2 gaining footholds in U.S. cities, it remains vitally important to further reduce the virus’s spread via masking, social distancing, and avoiding indoor gatherings.

Although it may seem that the decline in hospitalizations is slowing down in recent weeks, the percentage decrease remains robust.

Bar chart showing daily percent change in the total number of patients currently hospitalized with COVID-19 in the US. This figure has been falling by a consistent percentage in recent weeks (around 2.4 percent)

Reported COVID-19 deaths, too, continue to decline. The particularly sharp drop in the week beginning February 11, which included Presidents’ Day and the beginning of the winter storms that affected data reporting in many states, was balanced by a smaller drop in the week of February 18. This week, deaths dropped by an encouraging 11 percent.

2 bar charts one on top of the other - the first showing the percentage change in weekly COVID-19 deaths in the US, the second showing just those weekly deaths. Deaths fell 11% from last week

It’s important to note that many states have recently added large numbers of COVID-19 deaths from previous months to their totals. In Virginia, cases and hospitalizations have been dropping for weeks, but after reporting fewer than 100 deaths a day for the entirety of the pandemic up to this week, the Commonwealth is now reporting hundreds of deaths every day—most of which occurred in December and January.

4 daily bar charts with 7-day lines overlaid showing key COVID-19 metrics for Virginia since the beginning of 2021. Deaths have spiked drastically in recent days - however, these deaths are reconciled from older dates and do not reflect the true state of COVID-19 fatalities in VA at the moment.

The addition of these backlogged deaths—like the 4,000 deaths from previous months recently reported by Ohio—obscures the reality of rapidly declining recent deaths. It also underlines the fact that deaths at the peak of the winter surge were actually much higher than the already-devastating numbers reported in December and January.

For the week ending February 25, COVID-19 deaths in long-term-care facilities have continued to decline as a share of all COVID-19 deaths in the U.S. (As we did in last week’s analysis, we have excluded from this chart all data for four states—Indiana, Missouri, New York, and Ohio—that recently added large numbers of undated deaths from previous months to their totals. The addition of these historical death figures to recent weeks made it impossible to follow recent trends at the national level without this exclusion.)

Bar chart showing the share of weekly COVID-19 deaths occurring in LTC facilities. The percentage is down to 13% in the most recent week after being over 30% for months.

It’s our final week of compiling and interpreting data here at the COVID Tracking Project, and we’ve spent much of the past few weeks explaining how to use data from the federal government in place of our patchwork data set. We’ve packaged up everything we’ve learned about federal case numbers, death numbers, hospitalization data, and testing data, as well as long-term-care-facility data. For more casual data users, we’ve also written a short primer on how to find easy-to-use charts and metrics from the CDC. It’s even possible to replicate three-quarters of our daily four-up top-line chart using data from the CDC, although the data are one day behind the state-reported data we compile.

4 charts showing key COVID-19 metrics over time from the CDC: Cases, Hospitalized, Hospital Admissions, and Deaths. All 4 charts show a declining trend.

In this version, new hospital admissions are included instead of tests—test data are available from the federal government, but are not in a date-of-report arrangement that matches the other top-line metrics. (We’ll be publishing a separate post showing how to produce this visual within the next few days.)

Long-term-care data wrap-up: Tonight marks our final compilation of data at the Long-Term-Care COVID Tracker, and we’ve just published a look at the subset of long-term-care-facility data available in the Centers for Medicare and Medicaid Services Nursing Home data set. This federal data set includes only nursing homes and accounts for about 27 percent of all COVID-19 deaths in the U.S. to date. The long-term-care data set we stitched together from state reports, by contrast, includes assisted-living facilities where states report them, and accounts for at least 35 percent of all U.S. COVID-19 deaths.

Race and ethnicity data wrap-up: For 11 months, we have shown that the COVID-19 race and ethnicity data published by U.S. states are patchy and incomplete—and that they nevertheless have indicated major inequities in the pandemic’s effects. Both of these things are true of the demographic data available from the CDC: Many data are missing, and what data are reported show ongoing disparities. Our introduction to the federal data will be posted later this week, and we’ll be publishing deeper analyses in the coming weeks.

As we wind down our compilation efforts, the United States is at a crucial moment in the pandemic: Decisive action now is our best chance at preventing a fourth surge in cases and outpacing the variants, which may be more transmissible than the original virus according to preliminary (preprint) data. Over the weekend, the FDA issued a third Emergency Use Authorization for a COVID-19 vaccine, this time for Janssen/Johnson & Johnson’s adenovirus vector vaccine, which showed impressive safety and efficacy results in its global clinical trials. The Biden administration announced Tuesday that the U.S. should have enough COVID-19 vaccine doses for every adult by the end of May—a dramatic acceleration from previous timelines.

Meanwhile, concerns over an uptick in variant cases are growing in Florida after researchers noted that 25 percent of analyzed samples from Miami-Dade County’s Jackson Health public hospital were cases of B.1.1.7. Although partnerships between the CDC and other labs have increased the number of specimens sequenced from about 750 a week in January to 7,000–10,000 a week in late February, this still allows for the sequencing of less than 3 percent of all cases in the United States.

Bar chart with genomic sequencing volume from the CDC. Sequenced specimens peaked at 7,000-10,000 per week in February
Genomic sequencing volume chart from the CDC

New York City has promised to quadruple the number of samples it sequences during the month of March, from 2,000 to 8,000 a week, which is more than the entire country’s labs sequenced in the week ending February 27.

Today’s weekly update is our 39th and last. We began writing them back in June 2020 as a way of offering a deeper interpretation of data points that was less jittery than those in the daily tweets. As we puzzled through the data and watched for indications of changing trends, we’ve tried to help people understand what has happened to us as the pandemic has ebbed and surged.

Although our data compilation will come to an end on Sunday, March 7, our work at the COVID Tracking Project will continue in other forms for another few months, as our teams complete their long-term analyses and wrap up documentation and archiving efforts. We’ll continue to post our work on the CTP site and link to it on Twitter until we finally close up shop in late spring.

Throughout the year that we’ve compiled this data, we’ve tried to explain not only what we think the data mean, but how we came to our conclusions—and how we tested and challenged our own analyses. We hope that one result of our doing this work in public is that our readers feel better prepared to do the same for themselves and their communities.

The federal government is now publishing more and better COVID-19 data than ever before. Some gaps remain, but far fewer than at any previous moment in the pandemic. To those of you who have relied on our work this year, thank you for your trust. We’ve tried very hard to deserve it, and we believe that we’re leaving you in good hands.


Mandy Brown, Artis Curiskis, Alice Goldfarb, Erin Kissane, Alexis C. Madrigal, Kara Oehler, Jessica Malaty Rivera, and Peter Walker contributed to this report.

The COVID Tracking Project is a volunteer organization launched from The Atlantic and dedicated to collecting and publishing the data required to understand the COVID-19 outbreak in the United States.

Source: COVID-19 Cases: The Pandemic’s Future Hangs in Suspense – The Atlantic

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Hospital Beds Filling, Bars Closing With Nearly All Threshold

Countries across Europe are imposing new restrictions as the second wave of coronavirus infections that’s swept across the region since summer-time has recently taken a turn for the worse—seeping into older, more vulnerable populations and driving a surge in hospitalizations.

Key Facts

All but three European countries—Cyprus, Finland and Norway—have reached the European Centre for Disease Prevention and Control’s (ECDC) coronavirus alarm threshold, which designates countries reporting above 20 cases per 100,000 residents on a seven-day average at high risk.

The ECDC’s most recent report, published last Thursday, also noted the rising death rate in Europe and identified sustained case increases in 27 countries, many of which are reporting more new infections than in the spring (though better detection methods play a factor). 

Among the countries faring the worst, the Czech Republic, reporting 22,179 cases and 158 deaths in the past week, enacted a second state of emergency Monday, while Madrid has entered a partial lockdown, barring non-essential travel to and from the city, as Spain reports nearly 10,000 new cases per day. 

France’s capital, which moved into a state of “maximum alert” on Monday as 30% of emergency beds in hospitals filled, leading to the closure of Paris bars and cafés, may be on the verge of tougher restrictions as the number of Covid-19 patients in emergency beds jumped to 40% on Tuesday. 

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Brussels, which has overtaken Paris and trails only Madrid in terms of infections per capita among Europe’s major cities, also announced it is shutting down bars and cafés in the city for a month on Wednesday. 

Meanwhile, a slew of other countries, including Ireland and Scotland, are mulling tough new restrictions.

Key Background 

While France, Spain, the Czech Republic and the U.K. are reporting higher numbers of new cases on average than they were during the peak of their spring outbreaks, the crisis isn’t as severe as it was through March and April. However, European authorities are concerned that rising infections, which have begun to spill into older populations, could soon bring hospitals back to the brink.

Crucial Quote 

“The enemy hasn’t been defeated yet,” said Italian Prime Minister Giuseppe Conte last weekend, calling on Italians to be careful as to avoid a return to stricter pandemic measures. Italy, once the centre of the coronavirus pandemic, was the first country in the world to activate a nationwide lockdown in March.

Further Reading 

“British universities re-open with students locked-down and forced to care for infected classmates” (The New York Times) 

“As Second Covid-19 Wave Rolls Through Europe, Deaths and Hospitalizations Rise” (The Wall Street Journal)

Full coverage and live updates on the Coronavirus/Follow me on Twitter. Send me a secure tip.

Jemima McEvoy

I’m a British-born reporter covering breaking news for Forbes.

 Jemima McEvoy

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There are mounting concerns the pandemic will cause a global recession. It has been another torrid day on the markets. Stocks plunged around the world, despite a coordinated effort by central banks to protect growth and jobs. Al Jazeera’s Neave Barker begins our coverage with a look at the situation around Europe. –

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COVID-19 Has Killed Nearly 200,000 Americans. How Many More Lives Will Be Lost Before the U.S. Gets It Right?

Forty-five days before the announcement of the first suspected case of what would become known as COVID-19, the Global Health Security Index was published. The project—led by the Nuclear Threat Initiative and the Johns Hopkins Center for Health Security—assessed 195 countries on their perceived ability to handle a major disease outbreak. The U.S. ranked first.

It’s clear the report was wildly overconfident in the U.S., failing to account for social ills that had accumulated in the country over the past few years, rendering it unprepared for what was about to hit. At some point in mid-September—perhaps by the time you are reading this—the number of confirmed coronavirus-related deaths in the U.S. will have passed 200,000, more than in any other country by far.

If, early in the spring, the U.S. had mobilized its ample resources and expertise in a coherent national effort to prepare for the virus, things might have turned out differently. If, in midsummer, the country had doubled down on the measures (masks, social-distancing rules, restricted indoor activities and public gatherings) that seemed to be working, instead of prematurely declaring victory, things might have turned out differently. The tragedy is that if science and common sense solutions were united in a national, coordinated response, the U.S. could have avoided many thousands of more deaths this summer.

Indeed, many other countries in similar situations were able to face this challenge where the U.S. apparently could not. Italy, for example, had a similar per capita case rate as the U.S. in April. By emerging slowly from lockdowns, limiting domestic and foreign travel, and allowing its government response to be largely guided by scientists, Italy has kept COVID-19 almost entirely at bay. In that same time period, U.S. daily cases doubled, before they started to fall in late summer.

Among the world’s wealthy nations, only the U.S. has an outbreak that continues to spin out of control. Of the 10 worst-hit countries, the U.S. has the seventh-highest number of deaths per 100,000 population; the other nine countries in the top 10 have an average per capita GDP of $10,195, compared to $65,281 for the U.S. Some countries, like New Zealand, have even come close to eradicating COVID-19 entirely. Vietnam, where officials implemented particularly intense lockdown measures, didn’t record a single virus-related death until July 31.

There is nothing auspicious about watching the summer turn to autumn; all the new season brings are more hard choices. At every level—from elected officials responsible for the lives of millions to parents responsible for the lives of one or two children—Americans will continue to have to make nearly impossible decisions, despite the fact that after months of watching their country fail, many are now profoundly distrustful, uneasy and confused.

Friends and family mourn the death of Conrad Coleman Jr. on July 3 in New Rochelle, N.Y. Coleman, 39, died of COVID-19 on June 20, just over two months after his father also died of the disease

At this point, we can start to see why the U.S. foundered: a failure of leadership at many levels and across parties; a distrust of scientists, the media and expertise in general; and deeply ingrained cultural attitudes about individuality and how we value human lives have all combined to result in a horrifically inadequate pandemic response. COVID-19 has weakened the U.S. and exposed the systemic fractures in the country, and the gulf between what this nation promises its citizens and what it actually delivers.

Although America’s problems were widespread, they start at the top. A complete catalog of President Donald Trump’s failures to address the pandemic will be fodder for history books. There were weeks wasted early on stubbornly clinging to a fantastical belief that the virus would simply “disappear”; testing and contact tracing programs were inadequate; states were encouraged to reopen ahead of his own Administration’s guidelines; and statistics were repeatedly cherry-picked to make the U.S. situation look far better than it was, while undermining scientists who said otherwise. “I wanted to always play it down,” Trump told the journalist Bob Woodward on March 19 in a newly revealed conversation. “I still like playing it down, because I don’t want to create a panic.”

Common-sense solutions like face masks were undercut or ignored. Research shows that wearing a facial covering significantly reduces the spread of COVID-19, and a pre-existing culture of mask wearing in East Asia is often cited as one reason countries in that region were able to control their outbreaks. In the U.S., Trump did not wear a mask in public until July 11, more than three months after the CDC recommended facial coverings, transforming what ought to have been a scientific issue into a partisan one. A Pew Research Center survey published on June 25 found that 63% of Democrats and Democratic-leaning independents said masks should always be worn in public, compared with 29% of Republicans and Republican-leaning independents.

By far the government’s most glaring failure was a lack of adequate testing infrastructure from the beginning. Testing is key to a pandemic response—the more data officials have about an outbreak, the better equipped they are to respond. Rather than call for more testing, Trump has instead suggested that maybe the U.S. should be testing less. He has repeatedly, and incorrectly, blamed increases in new cases on more testing. “If we didn’t do testing, we’d have no cases,” the President said in June, later suggesting he was being sarcastic. But less testing only means fewer cases are detected, not that they don’t exist. In the U.S. the percentage of tests coming back positive increased from about 4.5% in mid-June to about 5.7% as of early September, evidence the virus was spreading regardless of whether we tested for it. (By comparison, Germany’s overall daily positivity rate is under 3% and in Italy it’s about 2%.)

Testing in the U.S. peaked in July, at about 820,000 new tests administered per day, according to the COVID Tracking Project, but as of this writing has fallen under 700,000. Some Americans now say they are waiting more than two weeks for their test results, a delay that makes the outcome all but worthless, as people can be infected in the window between when they get tested and when they receive their results.

Most experts believe that early on, we did not understand the full scale of the spread of the virus because we were testing only those who got sick. But now we know 30% to 45% of infected people who contract the virus show no symptoms whatsoever and can pass it on. When there’s a robust and accessible testing system, even asymptomatic cases can be discovered and isolated. But as soon as testing becomes inaccessible again, we’re back to where we were before: probably missing many cases.

Seven months after the coronavirus was found on American soil, we’re still suffering hundreds, sometimes more than a thousand, deaths every day. An American Nurses Association survey from late July and early August found that of 21,000 U.S. nurses polled, 42% reported either widespread or intermittent shortages in personal protective equipment (PPE) like masks, gloves and medical gowns. Schools and colleges are attempting to open for in-person learning only to suffer major outbreaks and send students home; some of them will likely spread the virus in their communities. More than 13 million Americans remain unemployed as of August, according to Bureau of Labor Statistics data published Sept. 4.

U.S. leaders have largely eschewed short- and medium-term unflashy solutions in favor of perceived silver bullets, like a vaccine—hence the Administration’s “Operation Warp Speed,” an effort to accelerate vaccine development. The logic of focusing so heavily on magic-wand solutions fails to account for the many people who will suffer and die in the meantime even while effective strategies to fight COVID-19 already exist.

We’re also struggling because of the U.S. health care system. The country spends nearly 17% of annual GDP on health care—far more than any other nation in the Organisation for Economic Co-operation and Development. Yet it has one of the lowest life expectancies, at 78.6 years, comparable to those in countries like Estonia and Turkey, which spend only 6.4% and 4.2% of their GDP on health care, respectively. Even the government’s decision to cover coronavirus-related treatment costs has ended up in confusion and fear among lower income patients thanks to our dysfunctional medical billing system.

The coronavirus has laid bare the inequalities of American public health. Black Americans are nearly three times as likely as white Americans to get COVID-19, nearly five times as likely to be hospitalized and twice as likely to die. As the Centers for Disease Control and Prevention (CDC) notes, being Black in the U.S. is a marker of risk for underlying conditions that make COVID-19 more dangerous, “including socioeconomic status, access to health care and increased exposure to the virus due to occupation (e.g., frontline, essential and critical infrastructure workers).” In other words, COVID-19 is more dangerous for Black Americans because of generations of systemic racism and discrimination. The same is true to a lesser extent for Native American and Latino communities, according to CDC data.

COVID-19, like any virus, is mindless; it doesn’t discriminate based on the color of a person’s skin or the figure in their checking account. But precisely because it attacks blindly, the virus has given further evidence for the truth that was made clear this summer in response to another of the country’s epidemics, racially motivated police violence: the U.S. has not adequately addressed its legacy of racism.The line for a drive-through food pantry in Grand Rapids, Mich. The line for a drive-through food pantry in Grand Rapids, Mich. Neil Blake—The Grand Rapids Press/AP

Americans today tend to value the individual over the collective. A 2011 Pew survey found that 58% of Americans said “freedom to pursue life’s goals without interference from the state” is more important than the state guaranteeing “nobody is in need.” It’s easy to view that trait as a root cause of the country’s struggles with COVID-19; a pandemic requires people to make temporary sacrifices for the benefit of the group, whether it’s wearing a mask or skipping a visit to their local bar.

Americans have banded together in times of crisis before, but we need to be led there. “We take our cues from leaders,” says Dr. David Rosner, a professor at Columbia University. Trump and other leaders on the right, including Gov. Ron DeSantis of Florida and Gov. Tate Reeves of Mississippi, respectively, have disparaged public-health officials, criticizing their calls for shutting down businesses and other drastic but necessary measures. Many public-health experts, meanwhile, are concerned that the White House is pressuring agencies like the Food and Drug Administration to approve treatments such as convalescent plasma despite a lack of supportive data. Governors, left largely on their own, have been a mixed bag, and even those who’ve been praised, like New York’s Andrew Cuomo, could likely have taken more aggressive action to protect public health.

Absent adequate leadership, it’s been up to everyday Americans to band together in the fight against COVID-19. To some extent, that’s been happening—doctors, nurses, bus drivers and other essential workers have been rightfully celebrated as heroes, and many have paid a price for their bravery. But at least some Americans still refuse to take such a simple step as wearing a mask.

Why? Because we’re also in the midst of an epistemic crisis. Republicans and Democrats today don’t just disagree on issues; they disagree on the basic truths that structure their respective realities. Half the country gets its news from places that parrot whatever the Administration says, true or not; half does not. This politicization manifests in myriad ways, but the most vital is this: in early June (at which point more than 100,000 Americans had already died of COVID-19), fewer than half of Republican voters polled said the outbreak was a major threat to the health of the U.S. population as a whole. Throughout July and August, the White House’s Coronavirus Task Force was sending private messages to states about the severity of the outbreak, while President Trump and Vice President Mike Pence publicly stated that everything was under control.

Truly worrying are the numbers of Americans who already say they are hesitant to receive an eventual COVID-19 vaccination. Mass vaccination will work only with enough buy-in from the public; the damage the President and others are doing to Americans’ trust in science could have significant consequences for the country’s ability to get past this pandemic.Cardboard cutout “fans” at an L.A. Angels baseball game Cardboard cutout “fans” at an L.A. Angels baseball game Jae C. Hong—AP

There’s another disturbing undercurrent to Americans’ attitude toward the pandemic thus far: a seeming willingness to accept mass death. As a nation we may have become dull to horrors that come our way as news, from gun violence to the seemingly never-ending incidents of police brutality to the water crises in Flint, Mich., and elsewhere. Americans seem to have already been inured to the idea that other Americans will die regularly, when they do not need to.

It is difficult to quantify apathy. But what else could explain that nearly half a year in, we still haven’t figured out how to equip the frontline workers who, in trying to save the lives of others, are putting their own lives at risk? What else could explain why 66% of Americans—roughly 217.5 million people—still aren’t always wearing masks in public?

Despite all that, it seems the U.S. is finally beginning to make some progress again: daily cases have fallen from a high of 20.5 per capita in July to around 12 in early September. But we’re still well above the springtime numbers—the curve may be flattening, but it’s leveling out at a point that’s pretty frightening. Furthermore, experts worry that yet another wave could come this winter, exacerbated by the annual flu season.

There are reasons for optimism. Efforts to create a vaccine continue at breakneck speed; it’s possible at least one will be available by the end of the year. Doctors are getting better at treating severe cases, in part because of new research on treatments like steroids (although some patients are suffering far longer than expected, a phenomenon known as “long-haul COVID”). As the virus rages, perhaps more Americans will follow public-health measures.

But there is plenty of room for improvement. At the very least, every American should have access to adequate PPE—especially those in health care, education, food service and other high-risk fields. We need a major investment in testing and tracing, as other countries have done. Our leaders need to listen to experts and let policy be driven by science. And for the time being, all of us need to accept that there are certain things we cannot, or should not, do, like go to the movies or host an indoor wedding.

“Americans [may] start to say, ‘If everyone’s not wearing masks, if everyone’s not social distancing, if people are having family parties inside with lots of people together, if we’re flouting the public-health recommendations, we’re going to keep seeing transmission,’” says Ann Keller, an associate professor at the UC Berkeley School of Public Health.

The U.S. is no longer the epicenter of the global pandemic; that unfortunate torch has been passed to countries like India, Argentina and Brazil. And in the coming months there might yet be a vaccine, or more likely a cadre of vaccines, that finally halts the march of COVID-19 through the country. But even so, some 200,000 Americans have already died, and many more may do so before a vaccine emerges unless America starts to implement and invest in the science-based solutions already available to us. Each one of those lives lost represents an entire world, not only of those individuals but also of their family, friends, colleagues and loved ones. This is humbling—and it should be. The only path forward is one of humility, of recognition that if America is exceptional with regard to COVID-19, it’s in a way most people would not celebrate.

By Alex Fitzpatrick

SALESmanago Marketing Automation

The Market Crashed & You Lost a Lot of Money Here’s What To Do Next

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The coronavirus crisis has left millions unemployed, sick and under financial strain. The last thing many of us want to do right now is look at our investments.

If you haven’t yet, try not to. Through March, the S&P 500 had the worst quarter since 2008 while the Dow Jones hadn’t seen a drop this bad since 1987. And in May, Federal Reserve Chair Jerome Powell warned of a “prolonged recession,” leaving many wondering if the worst is yet to come.

Chances are you’ve already looked at your portfolio and you’re anxious about the cash you’ve lost. That feeling is normal and you’re not alone. But if you’re wondering what to do with such a tumultuous market, there’s an easy answer: nothing.

Before you make drastic moves with your investments, see which ones are best for your finances right now.

1. Assess the damage

You’re probably panicking. Watching your investments wash away in a matter of hours, days or weeks isn’t exactly a fun time. But instead of freaking out, use this time to see which investments are worth keeping and which ones to drop.

Use this time to evaluate long-term goals. Are you OK with losing more money — even in the short term? There’s a chance your earnings will continue to drop and if you need your money within the next few months to a year, you might need to move it to a more stable account, like a high-yield savings account.

It might be time to cut your losses for some securities and use that money elsewhere. If you need the cash, use it. Otherwise reinvest in the market, whether in stocks you can buy cheap or dividend-paying stocks, where you’ll get a cash-out every month or quarter.

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Read more: Five investment accounts everyone should have

2. Evaluate your portfolio

The stock market continues to rapidly rise and drop every few days. And if you judged the US economy based on the stock market alone, it looks like we’re in a strong recovery (we’re not).

If you have extra cash on hand, invest in the stocks that were once too expensive for you. The strongest companies will most likely be here when the crisis is behind us. Look at the costs and see which ones you want to add to your investments.

You may also want to check in on companies and sectors you haven’t invested in. For instance, health care and industrials might be something to explore.

3. Dial back stock-only investments

While your portfolio should already be diversified, now might be the time to consider a conservative move. If you’re closer to retirement, look at more conservative investments. Some securities invest in stocks, bonds, CDs, real estate and other types. Consider diversifying in:

  • Exchange-traded funds
  • Index funds
  • Mutual funds
  • Annuities

Lower-risk investments are a safer bet, even if they are still risky.

Read more: Investing and saving during coronavirus: Here’s what to prioritize

4. Stick it out

It’s easy to balk when you see investments plummet. But the younger you are, the more likely you are to enjoy a stock market rebound. The 2008 recession lasted a year and a half but most recessions last less than a year. (The other exception is the Great Depression, which lasted nine years.)

Because most recessions are short-lived, take a moment to remember that the stock market plunge is short-lived, too. Once you’re on the other side of this, you’ll see your investments thriving — maybe even better than they were before.

5. Liquidate if you have to

While younger folks might have the luxury of riding it out, not everyone can afford it. For one thing, you might be closer to retirement. This means you can’t afford to take bigger risks — including waiting for a rebound that you aren’t sure will come before you stop working.

If you’ve lost your job or you’re facing significantly reduced hours (and a lower paycheck), you might not feel comfortable keeping your money in the stock market any longer than you need to. Taking your money out isn’t a bad thing if it’s a need. It’s better to cover your costs instead of going into debt just so your investments can earn a little more later on. If you need it now, use it now.

By: Dori Zinn

Source:https://www.cnet.com

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