$SPY $SPX $FXI $SSEC $EWH $CAF $KBA $KWEB My #Coronavirus #COVID-19 update today of course shows that the bump that occurred on definitional changes yesterday, largely went away today. The mortality rate dropped in part due to the correction by #China in the death toll to 2.15%. They said some deaths were counted twice (you'd think they could count dead people), but it didn't change the death rate by that much. That is about where it was running before the artificial spike in case numbers yesterday for reasons I explained (see below). The total case number went up by 6.79%. This should fall further over the weekend IF the trend is still down. It has been down since I began reporting the truth here on 1-29-2020. (process note: I switched from the previously convenient CNBC numbers which were very close to the Johns Hopkins numbers today, because CNBC failed to print the case total in China last night; they gave province specific data) 1/
$SPY $SPX $FXI $SSEC As I suspected they might, when the #Coronavirus #COVID-19 reporting rules changed (that occurred in the Hubei province we are told), this has at least temporarily driven up the case numbers reported, causing a huge distortion today. We will have to see what the next few days bring. The mortality rate ticked down a bit to 2.29%. The case increase day/day was 33.93%. The abrupt change was due to the use of CT scans in addition to nucleic acid testing to define positive cases. DNA testing takes several days (as it is currently being done), while CT scans are potentially an intra-day test depending on the back up in cases. Part of the global markets’ reaction today may be due due to this adjustment in case definition in the Hubei province. If the above is correct, the day over day increase should drop abruptly tomorrow. Stay tuned...
View original message