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.

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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. 

The video in this report is only accessible to members


Source: COVID-19 Tracking Project

Even USA daily deaths have slowed a bit, but this tends to be chunky and is influenced by some weekday seasonality.  

The video in this report is only accessible to members
But like the daily cases, the daily deaths are down week over week, a real and growing break in the pattern.  So, the evidence is pretty conclusive that this June-July surge is n...
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