Data continues to improve. New daily cases fell for the third day in a row, and fell 8.9% today. The 5 AND 10 day moving average of the growth in daily new cases is now negative.
The U.S. also experienced similar results with daily new cases falling for a second day in a row. The 5 day moving average is -1.5% and the 10 day MA is less than 1%.
Globally, the data also showed a drop in the # of daily new cases with the 10 and 5 day MAs also negative.
If this data continues, I believe that talk will continue to increase about re-opening the economy and shift will focus to pricing in the actual damage to the economy. Interesting companies scheduled to report tomorrow:
Planet 13 (U.S. cannabis)
Kona Grill (restaurants)
Johnson & Johnson