COVID-19 UPDATE: Daily cases fall to lowest since June 29th, definitive downtrend in cases. Industrials vs Technology is cyclical, suggesting 2020-2030 led by Industrials

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

For the past few weeks, even as the US saw its peak in daily COVID-19 cases, it has been easy to dismiss the change in trend.  Foremost, nobody wants to be "fooled twice" and this disease is indeed mysterious and unpredictable.  And some suggested cases were only falling due to lower testing.  And then some could point to the fact while the epicenter, FL, CA, AZ, TX, or F-CAT, was peaking, other Midwest and Southern states were surging.  And the seasonality of case reporting makes trends hard to see. Still, others argued that deaths would soon surge.  But it looks more and more decisive case trends are now definitely improving.


Daily cases fell to the lowest levels since early July and for a "Monday" is the lowest Monday in 6 weeks and the lowest overall cases since June 29th.  That is good progress.  So, the trend in COVID-19 is on a confirmed and sustained decline.  The drop-off in cases (vs 7D ago) is flat.  But we think this is more a simple reporting anomaly.  If daily cases on Tuesday come in at ~49,000 (flat vs 7D ago), then this is a trajectory that we did not expect.

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