The reopening trade “will come back in force”
Sylvia Jablonski, co-founder and CIO of Defiance ETF, joins Yahoo Finance Live to discuss the outlook for stocks in 2022 and how the crypto disruption and green transition could play out in the markets.
ZACK GUZMAN: Dr Anthony Fauci warns that the worst could be far from over and it could continue to get worse depending on the number of cases before it gets better. Keep in mind that the US national record for average daily cases is just a little north of 250,000, set last year as a result of the post-vacation surge. Last Friday before Christmas, a deterioration set in with the data on the front of the number of cases. The national seven-day average hit 197,000, not too far from the 65% record from early December.
And to find out more, I want to call on Yahoo Finance’s Anjalee Khemlani, who always follows for us the latest news on the COVID front. And Anjalee, I mean, when you look at it, we’re widely expected to get together for the holidays to see the number of cases increase. But warnings from Dr Fauci and other medical experts do nothing to allay fears that we are still out of it.
ANJALEE KHEMLANI: That’s right, Zack. And in terms of your point on the numbers, I mean, we saw, over the last winter, that peak in January, we saw days with over 300,000 cases. And so whether or not we get to this point with the number of tools and resources we have now, including vaccinations, but now also adding to the list, on the right, the two pills that have been cleared for emergency use.
So all of these things put together could possibly have an impact on the curve of the – the trajectory of the virus to come this winter, which health experts are hoping. But we don’t know for sure yet. And what we’re seeing – and it’s really something that Dr.Anthony Fauci and others have really explained – is the idea that because this variant is so heritable, we’re going to continue to see a rise in these. cases, and this increase in the number of cases will also lead to more breakthrough cases. So what he told ABC over the weekend has a lot to do with that. Here is what he had to say.
ANTHONY FAUCI: When you have such a high volume of new infections, it can negate a real decrease in severity, so if you have many, many, many more people with a lower severity level, it could sort of neutralize the severity. positive effect of having less gravity when you have so many more people. And we’re especially concerned for those in that unvaccinated class, you know, the tens and tens of millions of Americans who are vaccine-eligible who haven’t been vaccinated.
ANJALEE KHEMLANI: What is – and what he says is largely consistent with what some medical experts have seen in hospitals right now, is that those who aren’t vaccinated are still most at risk of getting a disease. serious illness, even with Omicron, that we’ve seen data across the world indicate milder illness. But with those – with the increase in drivetrain, it could really eliminate any understanding of smoothness as it currently stands. Back to you.
ZACK GUZMAN: Yeah, and Anjalee, I’m wondering if that’s sort of the crux of some of the issues the CDC and others might be facing when it comes to guidelines now, as you’re basically dealing with two camps. You are dealing with the vaccinated and the unvaccinated. So we hear pressure to change the isolation guidelines for those infected who test positive for COVID. What do we know of how that might change as we go along?
ANJALEE KHEMLANI: Absoutely. And that’s actually three camps, to be honest, because you’re also talking about the boost and level of protection they have. So that’s a great diversity that the CDC has to deal with.
What they have done now, since last week, is to reduce the time that health workers who test positive must remain in isolation. If they are asymptomatic, they can return to work within the week. We’ve all seen New York City put rules in place so that anyone who tests positive and has no symptoms can return to work within five days.
So really, a lot of focus on this idea of reducing that 14 day timeframe which was the recommended isolation period. Now that isolation period was set at the start of the pandemic, when we didn’t know as much, when we didn’t have so many resources available, and we knew the kind of timeline of the infection with the virus. virus someone and affect someone was about 14 days.
Now, with as much as we know and the level of communicability at times, the pressure is on the CDC to recommend guidelines to allow more people to return to work, especially if they are asymptomatic and less likely to infect someone. ‘another, because of what we have seen with the labor shortage right now in many areas of the market. So this is very important and it has really been a call to action for the past few weeks.