Telegram
7D Delta Turns Positive, Market Chop Way Paves Way For Rally

Daily cases unfortunately have returned to slightly positive coming in at 58,468 which is up 2,869 cases from a week ago. The 7D positivity rate declined to 4.4% from 4.5% 7D ago. Importantly, hospitalizations and deaths are still moving in the right direction and are down 5.1% and 7.4% from 7 days ago respectively. Dr. Fauci said on Friday that up to 30% of the new US cases are due to the variants. Luckily, despite the vaccines not being as effective against some of the newer COVID-19 variants it still appears to prevent severe illness and hospitalization to the degree that it would mean the risk for overwhelming the hospital system which we may forget after all this time is still the primary reason for lockdowns that interrupt economic activity much lower. Be sure to check out point #3 in our dailies that monitors the progress in re-opening across the United States.

The 7D delta turning positive is definitely not a good thing. However, we wanted to point out that despite the very vocal criticism of the bears about vaccination progress the White House has actually achieved its’ goal of 100 million vaccines in 100 days 42 days early. This highlights a reality that we’ve been trying to keep our subscribers apprised of; the number of previously infected (those with natural immunity) plus those vaccinated is getting to a point where the R0 will begin to drop because the virus simply will eventually run out communicable subjects to come into contact with. This doesn’t mean the numbers suddenly go to zero, it means they steadily trickle down to zero.

You are trying to access FSI member-only content.
You need to have an active FSI Macro, or FSI Pro subcription in order to read this article.
If you are already a member at FSInsight, please Sign In here. If you don’t have a subscription to FSInsight yet, you can sign up below.

Choose one of our yearly plans to save nearly 20%

We accept crypto via BitPay for yearly subscriptions.
    • Macro
      FSI Macro
      from
      $
      199
      /mo
      billed anually
      Get access to all the macro research on FSInsight
      • Tom Lee's Live Market BLASTs
      • View from Tom Lee
      • Signal From Noise
      • Portfolio Strategy
      • Technical Analysis
      • Granny Shots – Stock Ideas
      • US Policy
      • Live Conference Calls with Q&A
      First Month Free!
    • Crypto
      FSI Digital Assets
      from
      $
      99
      /mo
      billed anually
      Get access to all the crypto research on FSInsight
      • Tom Lee's Crypto First Word
      • Tom's Take on Crypto
      • Crypto Weekly Newsletter
      • BitDigest Daily Newsletter
      • Crypto Technical Analysis
      • Benchmark Indices Review
      • Bitcoin Valuation & Misery Indexes
      • Live Conference Calls with Q&A
      First Month Free!
    • Macro + Crypto
      FSI Pro
      from
      $
      249
      /mo
      billed anually
      Get access to all the exclusive research on FSInsight
      • Looking at code?
      • I am hidden!
      • FSI Macro
      • +
      • FSI Digital Assets
      • Designed by
      • HANGAR115
      • -
      First Month Free!
Disclosures (show)

Want to receive Regular Market Updates to your Inbox?

I am your default error :)
FSInsight logo
150 East 52nd St, 3rd Floor, New York, NY 10022

Subscribe to our Free Weekly Report

An insitutional-grade report delivered to your inbox every week.

© 2021 FSInsight. All rights reserved. Developed by HANGAR115.

Illustrations by Karl Wimer.