Covid-19 China peaked at 5,000 cases per day, then it dropped toward nothing, and is now around 70 new cases per day.
Italy peaked at 6,800 cases per day three weeks ago, and is now down to ~4,000 new cases per day.
Spain peaked at 8,000 per day two weeks ago, and is now down to ~4,500 per day.
Germany peaked at 7,000 per day two weeks ago, and is now down to ~3,000 per day.
The US has been between 30,000 and 36,000 per days since 10 days ago. It may decline over the next few weeks, but come on, what in the world is going to push new cases down to ~50 like it was in China? New York city may be over it's peak and on the way down (since everyone is locked in their home), but does anyone believe the 30,000 new cases today is going to magically turn into 50 in six weeks?
For the stock market, I wonder how long the rally which derives from being over the virus growth hump (which seems likely) can overcome the economic carnage that awaits companies on the other side of the growth hump?
Who is buying stocks now because they want to be long through the anticipated revenue declines of Q2 and Q3, and then begin to recover (one hopes) in Q4? Ya got me!
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