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Seeing the Good in the Bad

Written by Monica Savaglia
Posted July 7, 2020

For some Americans, this year’s Independence Day probably felt a little different. I spent July 4 in the car, driving back from the Midwest, so I saw fireworks from the comfort of my driver's seat. You probably heard or saw fireworks going on throughout the night… or early morning. Maybe you even went to a barbecue during the day, holding onto some resemblance of prior Fourth of Julys. It’s hard to ignore the fact that this year has been strange, especially with recent news of surging coronavirus cases and now states saying that maybe they reopened a little too soon.

I think it was around April or May when Baltimore City’s mayor said all outdoor events (including many summer festivals and the fireworks at the Inner Harbor) would be canceled until August 31— basically canceling what most people look forward to in the summer — in order to reduce large crowds and limit the spread of coronavirus. 

Maryland has slowly reopened and taken a lot of precautions to make sure its hospitals are ready for any surges in the numbers of COVID-19 patients. The state has also made sure to step up testing centers. As of right now, Maryland seems to have a grasp on what it needs to do to prevent a spike in COVID-19 cases. Unfortunately, that’s not the case for a lot of other states.

In Florida, officials have had to shut down multiple beaches to ensure there wouldn’t be any large Fourth of July gatherings. On Sunday, Florida reported 9,999 new coronavirus cases. That brings the total to more than 200,000 infections. Texas also reported its second-highest day of new cases over the weekend, which had hospitals reaching capacity over the past few days. 

Lina Hidalgo, a Texas judge, said in a recent interview:

Wishful thinking is neither good economic policy, nor good public health policy. If we had stayed shutdown for longer and opened more slowly, we would probably be in a more sustainable place in our economy.

The keyword is “slowly.” There was a rush to return to normal and get the U.S. economy back up and running. However, as you can see with Maryland, a gradual reopening process is more beneficial.

Texas Governor Greg Abbott said:

If I could go back and redo anything, it probably would have been the opening of bars, now seeing in the aftermath how quickly the coronavirus spread in the bar setting.

The virus isn’t gone and preventing spread in a bar setting seems like a really difficult task. It would be nearly impossible to wear a mask when you’re in a bar, with the music blaring, trying to talk and enjoy your drink. Not to mention, you’re usually in a small space with a lot of people. A professor of environmental health, who studies how viruses are transmitted at the University of Maryland, and a group of 239 scientists wrote an open letter to appeal for better recognition of the coronavirus and its potential for airborne transmission. 

Since all of this began, there hasn’t been a solid understanding of what exactly we are dealing with and which precautions the public should take. This resurgence of coronavirus in states that reopened too quickly has the rest of the nation concerned. No one wants to go back into lockdown. The government definitely doesn’t want people staying in their homes or more job loss. That’s why a vaccination or something that could give the public a sense of security is in high demand. 

Luckily, the biotech industry will give us that sense of security.

There are many different biotech companies scrambling to figure out how to eliminate COVID-19 and its risk to our lives. Once that risk is eliminated, we can truly start to return to the activities we love. 

This particular situation comes with a few investing opportunities. When a biotech company announces a vaccine or treatment has completed its clinical trials and will be available to the public, the company and its investors will see major profits. 

The biotech market is worth somewhere near $1.1 trillion and continues to thrive despite coronavirus' impact on the economy. If you have ever considered investing in the biotech industry but were intimidated by your lack of industry knowledge, then you should take a look at this video. 

You’ll get the chance to learn about stocks that are on the verge of medical breakthroughs and how you could time an investment to capitalize on those breakthroughs. 

Watch this presentation to learn everything you need to know about investing in the biotech industry and how you can begin to profit from major medical breakthroughs like the ones we're about to see because of the coronavirus. 

Until next time,

Monica Savaglia Signature Park Avenue Digest

Monica Savaglia

Monica Savaglia is Wealth Daily’s IPO specialist. With passion and knowledge, she wants to open up the world of IPOs and their long-term potential to everyday investors. She does this through her newsletter IPO Authority, a one-stop resource for everything IPO. She also contributes regularly to the Wealth Daily e-letter. To learn more about Monica, click here.

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