The US is trying to keep the US death toll below 100k.

https://www.cnbc.com/2020/03/29/president-trump-extends-national-social-distancing-guidelines-through-april-30.html

The US death toll is just 2500 now as we speak and Trump is trying to keep it under 100k.  This just goes to show that Trump is expecting the death toll to hit the high of double digits.  The US still has a long way to go and has not reached its peak yet.

The US stock markets have not factored in such a high death toll yet.