Bank of America Global Research
February 8, 2021
COVID -19 hospitalizations continue to plunge
The number of people hospitalized with COVID-19 in the US has declined dramatically to 81,439, or 51,035 - 39% off the peak which occurred on January 5th - a rapid turn in the crisis.
The decrease is broad-based (50 states+DC, except for AK that saw a minimal 2 -person increase over the past week). The weekly percentage change in US COVID-19 hospitalized is consistent with the largest declines seen during the Coronavirus crisis. Moreover the 7-day test positivity rate has declined to 7.2% from the 13.6% peak on January 8 th. Since hospitalizations are lagged relative to time of infection the US Corona outbreaks peaked back in the second half of December. Finally, the vaccine rollout in the US has accelerated to above 2mn doses per day over the weekend and a cumulative 41.2mn doses administered through February 7th
Now you know why CNN stopped showing the daily COVID-19 data on their screen. This "click bait" is fading fast. Pray this trend continues.
GREAT NEWS - Big drop in Covid-19 cases - Feb 9
GREAT NEWS - Big drop in Covid-19 cases - Feb 9
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group