Morgan Stanley Models The Number Of Covid Infections In 2021: Here Are The Bull, Bear And Base Cases
Mon, 10/26/2020 – 12:51
At a time when the US just reported record numbers of new cases, some traders – and the general population – are starting to ask if the US economy faces a new round of lockdowns, especially under a Joe Biden administration (who frequently likes to remind his fans “listens to the scientists” which supposedly also includes such “experts” as Minneapolis Fed president who has been demanding a 6-week hard lockdown of the economy).
As BofA summarizes, US cases have now eclipsed the July peak as with the 7-day average of new daily cases topping 68k for the first time. The spread of the virus has been broad-based but there have been notable outbreaks in the Midwest. Compared to a week ago 35 states have recorded double digit growth in new cases. On the other hand, deaths remain stubbornly although these too have started to climb, increasing to just under 800 as of yesterday.
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