News flash: President has COVID-19. What to do …
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Early this morning, President Trump and the First Lady tested positive for Covid-19.
Almost immediately, some of the president’s most vocal detractors wished them well.
MSNBC host Rachel Maddow tweeted “If you pray, please pray for their speedy and complete recovery — and for everyone infected everywhere.”
Reverend Jesse Jackson wrote, “We sincerely pray [they] do not have the worst of this disease.”
All of us at Weiss Ratings and Weiss Research join in those prayers.
But others have been quick to talk about dire implications.
CNN’s Kaitlan Collins, for example, declared that this is “a nightmare scenario for the White House.”
She said the president has recently been in contact with thousands of people and could be a Covid-19 “super-spreader,” potentially infecting critical decision-makers at the highest echelons of government.
And she suggested without evidence that, unlike other administrations, the White House may have failed to plan for this scenario.
But whether true or not, this does not change the answers to two critical questions …
What impact will this news have on the outcome of the presidential election?
Probably very little.
If the president is unable to hold rallies, he will talk directly to the American people from the White House residence or from Walter Reed.
Two years ago, we saw a similar scenario in Brazil. Jair Bolsonaro was campaigning for president, when a man jumped out of the crowd and stabbed him in the stomach, piercing his liver, lung and intestinal tract.
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But immediately after surgery, Bolsonaro continued campaigning from his hospital bed, talking directly to his supporters via his iPhone on WhatsApp and YouTube.
The entire country was riveted by the shaky, unscripted live videos of a politician in recovery. His poll numbers surged. And he won by a landslide.
We can’t assume POTUS will do the same. But it’s safe to say that any adverse impacts on the Trump campaign will probably be offset by the sympathy of a nation that turns its attention to a man in quarantine or fighting to recover.
What impact will this have on the investment strategies we’ve recommended?
Again, probably very little.
The megatrends that drive financial markets are bigger and more powerful than any one event.
They are already in motion; they will continue in motion.
And based on the guidance of our editors, you should already be well prepared for any contingency.
So, sit tight and stay the course.
Good luck and God bless!
Martin