and running. kind of off and running at the corner of wall and broad as we end a week that was up for the down jones industrials. the s&p and the nasdaq finishing the week on the down side. i should still point out the month to date, we ll have a tough time seeing whether we get something that approaches a holiday or post santa rally. all the major averages are down 4% for the month. don t even get me started on where we stand now for the year with the nasdaq down in excess of 33.5%. 20% for the s&p 500. 9% for the dow. to put it mildly, unless something dramatically changes next week, we re on route to seeing the worst year for stocks since 2008. you might recall back then we were dealing with something called a meltdown. that was then, let s see what happens now. another week of trading to go. all right, mean while taking a look at the drop in temperatures at the border.
Amid an ongoing resurgence across the world, the global coronavirus caseload has topped 333.5 million, while the deaths have surged to more than 5.55 million and vaccinations to over 9.68 billion, according to Johns Hopkins University.
existing single-family home in boston texas increased 33.5% in a single year. the median price of a condo around miami has gone up nearly 21%. real estate was already wildly overheated, now it is a bonfire. why is that happening? simple, investors are afraid. consider equities prices. the s&p 500 is up 28% in the last year. if you are looking for the real inflation rate, that is a lot closer. if you think about money for a living, you really think about the economy and the value of the u.s. dollar, look at the value of cryptocurrency. it is by definition a refuge from inflation. people buy bitcoins and they decide the u.s. dollar is no longer safe. what is happened a bit coin is up 164% in the last year. the theory is up 622%. so if you could you could
median sales price in austin, texas, increased 33.5% in a single year. the median price of a condo around miami has gone up nearly 21%. a real estate in daytona was already wildly over seeded. now it s a bonfire. why is it happening? simple. investors are afraid. considered equities prices. the s&p 500 is up 28% in the last year. if you are looking for the real inflation rate, that s a lot closer than the cpi is going to get you. but if you want to know what people who think about money for a living really think about the economy and the value of the u.s. dollar? look at the value of cryptocurrency. cryptocurrency is by definition a refuge for inflation. people buy bitcoins when they decide the u.s. dollar is unsafe. bitcoin is up 154% up in the last year. a theory and other cryptocurrencies up 622%. so you should consider that a
the covid trend lines are in a word better. let s take a look. some of them are getting almost encouraging. if you look here had a month ago, 150,000 new covid infections a day. yesterday below 100,000 for the first time in two monies, 99.8 right there, down 33.5% from one month ago, that the rate of new covid infections. when cases come down, hospitalizations come down, down 32.5% from one month ago. the lowest hospitalization rates since early august. you can see a month ago 102,000 americans hospitalized and yesterday shy of 69,000 americans, and it lags a couple weeks behind but deaths now finally coming down as well. it is still horrific. yesterday more than 1,600 americans dying of the coronavirus but two weeks ago it was above 2,000. it s down 17.5% from two weeks ago so the trend lines are better. let s get an assessment. with us to share the expertise and insights is dr. rainy