7D Delta for New Cases Flat, Focus on Structural Tailwind

The decline in daily cases seems to be paused. They have been flat over the past 12 days as you can see below. We suspect that we will likely not see the usual corresponding uptick in hospitalizations and deaths since vaccination penetration of the most vulnerable cohorts has been extensive. Indeed, US hospitalizations are still rolling over as are deaths. US Net Hospitalizations and US Daily Mortality have declined 73.2% and 70.5% since their highs in wave three respectively.

Source: FSInsi...

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