What's up guys and welcome to wall street millennial with the rollout of the vaccines in early 2021, there is tremendous optimism around the economy reopening and a strong economic rebound to date, more than 40 of the us population has received at least one dose of the vaccine. If you combine this with people who built up immunity by contracting the virus, the country is probably close to herd immunity. This has caused much optimism for the reopening place, such as crews and airline stocks, which have performed strongly year. Today, however, vaccine rollout has not been as quick in other parts of the world.

Many countries still grapple with high cases and deaths. To this day, this is relevant to the stock market. A resurgence in virus cases anywhere in the world could threaten global supply chains and impact the us. Furthermore, there could be mutations that make the virus either more deadly or resistant to vaccines.

Most recently, there has been a lot of fear around the recent surge in covid cases in india. India is the second most populous country in the world. With almost 1.4 billion people in late 2020, the country appeared to get the pandemic under control with cases steadily decreasing. However, they eased lockdown measures in the beginning of this year, and cases have surged as of april 25th.

Daily new cases is over three hundred thousand. This has led to more than two thousand deaths per day in horrific scenes of mass cremations, the gurgle giving life, and they came from miles away to get it for many. It's a race that they're losing the race to find oxygen before coronavirus, overwhelms them quickly. He's shouting, they know every minute counts.

The narrow street outside the sikh temple in east delhi is crowded with vehicles full of sick and dying people, desperate people gasping for air for oxygen that the hospitals can't provide. Is this the only place that you can get oxygen? I heard that government is um. Many tell us they've been turned away by several hospitals before reaching here. No one seems able to help these people and some just don't make it in time he's died.

He tells us i'm so sorry, i'm so tired. This would be shocking on its own, but this tragedy is being multiplied over and over indians are being abandoned in the teeth of a deadly disease. The eu, uk and america are amongst the countries to offer help, but the people have yet to see it so they're. Taking it where they can and they seek temples, providing it sourcing oxygen themselves, how do you manage to get oxygen and the government? Doesn't? Why isn't the government? I don't know what government is doing, people are dying on streets and why can't government not doing that's a question? A lot are asking india's grim statistics keep on rising they're, promising free vaccinations for all, but in this one of the world's biggest vaccine manufacturing nations.

Only around two percent of indians are fully inoculated, and the surge in testing across the country means these are hard to come by too now, with the positivity rate soaring in calcutta. At the moment, every second person being tested is positive. India's being engulfed by this virus and its people are utterly helpless. The scenes coming out of india are shocking and every loss of life is tragic.

Many hospitals are running out of supplies and are often forced to turn patients away, but it's also important to put the crisis into perspective. On april 25th, india reported 2 800 covet deaths, which is an all-time record for the country. While this surely is a lot, it is actually a lot lower than the record daily debts reported in the u.s. On january 12, 2021, there were about 4 400 coveted deaths in the u.s much higher than india's current rate of 2800.

This is despite the fact that india has roughly 4 times the population of the us, while india is still far behind the u.s in terms of vaccinations. They do have vaccines and they are steadily rolling them out to more and more of the population. They have already delivered more than 100 million doses, and almost 10 of the population has received at least one dose as more and more of their population gets vaccinated. The current surge they are experiencing will likely subside.

So, while the situation looks grim now they can likely recover relatively quickly. They are a few months behind the us in terms of vaccinations, but by the summer the current tragedy will likely be behind them and they can rebuild their economy. Some good news for fighting the virus in india is that, as far as scientists can tell, the existing vaccines from companies like moderna, pfizer and johnson johnson will be effective against the virus in india. However, it does appear to be more contagious than the original coronavirus.

In only a few weeks. It has caused a second wave of cases in india much more quickly than the first wave which peaked in september of last year. One of the most concerning things about this new variant is what some people call the double mutation phenomenon. The new variant has two particular mutations that might make it doubly more dangerous.

One of those mutations is called l452r. According to a recently published study. This mutation was present in a variant of the coronavirus that appeared in california and quickly became responsible for about half of all cases in that state. This variant was determined to be about 20, more transmissible than the original virus.

This may have contributed to the indian variant becoming so contagious, but scientists say that the vaccines already developed should be still effective against this new indian variant. According to a doctor from cambridge university, it is unknown exactly how resistant the variant may be, but it is likely that the vaccines will still be effective against severe illness and death. However, it may be less effective for those who have weak immune systems to start with. In the case of the california coronavirus variant, it was found by scientists that mutations of the virus may be more likely to produce weaker variants than the original virus.

A possible reason is that weaker variants that do not make the host human as sick may be able to fly under the radar for longer keeping the host asymptomatic and spreading the virus to other people. A strain of the virus that causes less severe symptoms will be able to spread more quickly, taking share from other strains of the virus and becoming the dominant strain. A strain that is more deadly will more likely cause severe symptoms, early on causing the host to quarantine or die more quickly, because the less deadly strain can spread more easily. It will dominate the more deadly strain over time, as viruses mutate, they tend to get less deadly and more contagious.

If the coronavirus also exhibits this trend, the death rate should trend down over time. Even if new variants emerge that are resistant to vaccines, they will likely be less lethal and less likely to spur economic lockdowns. The stock markets are also pricing in the possibility that this second surge could be over quickly in the original coronavirus wave. The imda indian stock market etf dropped by more than a third of its value signaling.

The initial fear that gripped the stock markets all over the world. However, after quickly recovering and more, the etf is still significantly above pre-covered levels. Since the onset of the most recent wave, inda is still only down about five and a half percent from its highs, which seems to suggest that the smart money is betting on a quick recovery. Of course, the outbreak in india is massively bad news for everyone.

Many people are dying, even though india has already had to endure a first wave of coronavirus, but there are also signs that might be over relatively quickly, hopefully for everyone. This will be true, and if so, the world can continue on its way back to normal functioning. Alright guys that wraps it up for this video, if you like the content, make sure to smash that like button for the youtube algorithm and subscribe for future uploads, also check out our second channel wsm research, where we post due diligence on high growth stocks. As always.

Thank you guys so much for watching wall street millennial signing out.