B of A Covid-19 Update

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dan_s
Posts: 34463
Joined: Fri Apr 23, 2010 8:22 am

B of A Covid-19 Update

Post by dan_s »

Covid's impact on travel is still a concern, but the FEAR has definitely declined.

US Covid update . The 7 -day average of new US Covid - 19 cases declined 80% over
the past 60 days from the loca l peak in mid -April to 14,268 while the 7 - day PCR test
positive rate declined to 1.9% from 5.3% over the same period. The more reliable –
but slightly lagged – data on people hospitalized shows a 7 - day decline of 12.1% to
18,339 – the lowest level since Ma rch 2020. The University of Washington ’ s IHM E
Covid -19 model estimates about 70,000 daily new infections (not cases) at the
moment, down 86% from the December peak. They then forecast a 41% decline
from here to a low on August 22. This as total Covid -19 va ccinations reached
309.3mn, or on average 1.10mn daily the past week.
Dan Steffens
Energy Prospectus Group
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