While rising infection rates have captured the attention of the media, the most important figures are the infection mortality ratio and direction of daily disease mortality.
COVID-19 disproportionately strikes the elderly. For those under 40, the infection fatality ratio is 0.03% according to the CDC. This is less lethal than the seasonal flu. Of course there are young people that have died from COVID-19. Point being is it very rare. The media reports that the “death count is rising”. This is misleading. The total deaths are always going to be rising. Even if one person per day dies, the death count will continue to go up.
I believe the market is pricing in a post COVID-19 world. Even though I am bullish on stocks, I sense a correction coming. At this point, I would rather take my profits in stocks and see if another buying opportunity arises. Although I have not put Six Flags in the performance tab, I still own a lot of shares. I believe Six Flags could easily double over the next year.