COVID-19 UPDATE: USA COVID-19 cases collapse to 42,017, -13,000 vs 1D ago and -12,810 vs 7D ago. Case declines accelerating even as policymakers still panic

Click HERE to access the FSInsight COVID-19 Daily Chartbook.


STRATEGY: Despite headlines of rampant spread, COVID-19 is slowing in the US
Total USA COVID-19 cases collapsed to 42,017, down -13,000 from 1D ago and down 12,810 from 7D ago.  In fact, it is the fewest number of new cases since June 29th.  The decline in COVID-19 cases is building downside momentum, shifting from a stubborn plateau a few weeks ago, to now seeing an accelerating fall.

The epicenter, FL, CA, AZ, TX are doing even better as shown below.  Their daily cases are ~40% off their peaks.  The retrenchment of COVID-19 in these states is gaining momentum.  In fact, their case profile currently looks like a textbook match to what we saw in NY tristate/MA/RI.


Source: COVID-19 Tracking Project


If F-CAT states track NY tristate, we should see USA cases down 75% in the next two weeks and down 90% by early September.  So, the next few weeks are going to be important. 

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