US Stocks climb yet U.S. 7-day average of coronavirus cases surges 30% from week ago

by ryeander

www.cnbc.com/2020/06/23/us-7-day-average-of-coronavirus-cases-surges-30percent-from-week-ago.html

As of Monday, the nation’s seven-day average of daily new Covid-19 cases increased more than 30% compared with a week ago, according to a CNBC analysis of Johns Hopkins University data.

Texas, Arizona and California are among the number of states mostly across the American South and West that have seen a dramatic increase in cases over the past few weeks as they started reopening their economies.

California saw a massive jump in its daily report of positive cases on Monday, adding 6,219 new cases, according to data from Johns Hopkins.

As of Monday, there are 3,110 people currently hospitalized in Texas based on a seven-day moving average, which is a 43% increase compared with a week ago, according to Covid Tracking Project data.

WHY is the market still going up when cases are exponentially increasing? I am absolutely speechless. I can’t bring myself to understand and if I don’t get it I just cannot put money into the market. We should be hitting March bottoms over this but we aren’t. WHY