COVID-19 Insights Report Update – April 8, 2020
By: Wesley Legg & Scott David
United States COVID 19 Clouds Breaking
U.S. daily cases may have peaked on April 4th with 34,196 cases. Daily cases have now been below the peak for three consecutive days, and government officials say they’re seeing light at the end of the tunnel. While we may see the daily cases number bounce around day to day, we expect a downward trend going forward. While deaths caused by COVID 19 is higher than anyone would like, deaths will likely be below, and maybe significantly below, the dire predictions made just a week ago (100,000 200,000+). The U.S. has now tested over 2 million people, but the number of tests processed with a positive result suggests testing is still behind what is needed. Positive tests are 19% nationally, but in hot spots like New York, New Jersey and Michigan, tests with a positive result are greater than 40%. We believe robust testing will continue to play an important role in containing the virus.