The coronavirus has become unstoppable.
With no vaccines, there’s a race to develop something, anything to stop the spread.
Globally, 78,442 people have been infected and more than 2.456 have already died. And, according to Dr. Nancy Messonnier, director of the National Center for Immunization and Respiratory Diseases, “This new virus represents a tremendous public health threat.”
The World Health Organization (WHO) is warning of a shrinking window of opportunity to stop the spread of the deadly virus, as it spreads to 30 countries. “The window of opportunity is still there. But our window of opportunity is narrowing,” said WHO Director-General Tedros Adhanom Ghebreyesus. “We need to act quickly before it closes completely.”
There’s evidence the virus has become unstoppable.
According to CNN, Italy had more than 165 confirmed cases, which makes the region the hardest hit in Europe. It’s gotten so bad that towns and areas impacted by the virus in Italy have now been placed in lockdown.
Japan has 738 cases with three deaths. South Korea has 602 cases with five deaths. Singapore now has 89 deaths. Hong Kong has 74 cases and two deaths. There were 50 deaths in Iran, with 13 new cases confirmed. In South Korea, the number of cases doubled in 24 hours, reaching 204. Australia confirmed six new cases.
With fear quickly escalating, investors have been turning to volatility investments, including:
ProShares Ultra VIX Short-Term Futures ETF (UVXY)
The ETF was designed to match two times (2x) the daily performance of the S&P 500 VIX Short-Term Futures Index.
VelocityShares Daily 2x VIX Short-Term ETN (TVIX)
This ETF tracks an index of futures contracts on the S&P 500 VIX Short-Term Futures Index.
iPath S&P 500 VIX Short-Term Futures (VXX)
The VXX ETN provides exposure to the S&P 500 VIX Short-Term Futures Index Total Return. As volatility shoots higher, so does the VXX.
