First Word

COVID-19 UPDATE: Calm before the ("flu season") storm? IHME "scary" forecast vs Southern hemisphere ("non-existent"). Webinar Friday at 3:30 pm ET.

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

Daily COVID-19 data is out and daily cases were 31,780 which is actually higher than 7D ago.  Last week was the week post-Labor Day holiday so there can be some funky week-over-week comparisons.  And because this might raise concerns about the trend in cases, we decided to highlight the trends in hospitalizations.  The metric we are using is the "number currently hospitalized" and is based on all 50 states.

Net hospitalizations at 29,000 are down from 60,000 in late July and nearly matching the lowest levels...
But before one starts to worry that COVID-19 is not in retreat, take a look at current COVID-19 hospitalizations.  This figure stands at 29,796 which is well off the highs of ~60,000 in late July and nearly matching the all-time cycle low of 27,114 from 6/15/2020.

- in other words, COVID-19 hospitalizations are falling pretty rapidly at the moment.
- there is no "flat line" that seems to be happening with daily cases.

The video in this report is only accessible to members
Source: COVID-19 Tracking and Fundstrat  But this second chart makes the pattern more clear.  This is the 7D change in hospitalizations.  If this figure is red, people are getting "discharged" and if it is rising, more people are flowing into hospitals....

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