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COVID-19 UPDATE: Surprisingly, no "payback" in daily cases which come in at 30,059, -8,146 vs 7D ago. NYC opens for "indoor dining" --> big deal

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Daily cases yesterday came in at 30,059, which is a surprisingly low figure -- it is down -8,146 from 7D ago.  And given the holiday Monday, we would have expected some "payback" for the case figures on Wednesday.  Instead, the declines in daily cases vs 7D ago seem to be accelerating.  This despite the headwinds of back to school and even back to work.There may be general disbelief that US cases are receding.  But the way to put this in perspective is to look at the states at the center of the two waves of the pandemic in the US.  The Feb-March was NY tristate and June-July was FL, CA, AZ, TX or F-CAT:- NY tristate has seen cases fall 90%-95% from the peak with ZERO resurgence- F-CAT cases are down 78%-95% with no renewed resurgenceThe message, again, is that once a region/state sees its local peak, we see cases in that state/region recede.  This is the template that has worked time and time again and is a positive leading indicator.  In other words, we think COVID-19 is organically retreating and as we stated last week, the possibility of sub-30,000 cases this week is likely (Tuesday).  But projecting this, we could see sub-20,000 cases within the next 10 days.  that wo...

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