Unfortunately the ebb and flow of Coronavirus cases across the country are like my stock portfolio: some are up, some are down and others unchanged. Ideally all stocks would be up and Coronavirus cases down. Once again the TINSTAANREM axiom is invoked — There Is No Such Thing As A National Real Estate Market or economy. The same is true regarding the occurrence of the Coronavirus infection rate from one state to the next and even within.
To identify the latest hot and cold spots and the extent until now of Coronavirus by state, 24/7 Wall Street brought together the following statistics:
- Weekly Change in Average Daily New Coronavirus Cases per 100,000 Population for the Week-Ending July 6, 2020 vs Prior Week
- Average Daily New Cases per 100,000 Population for the Week Ending July 6th
- Confirmed Cumulative Coronavirus Cases per 100,000 Population as of July 6, 2020
- Cumulative Coronavirus Related Deaths per 100,000 Population as of July 6th
- Population – Millions
- Date of First Confirmed Case
The following tables show the 10 states with the Most and Least Average Daily New Cases for the seven-days ending July 6, 2020. All 10 with the greatest numbers of Average Daily New Cases are in the Southern one-half of the lower 48 states. Among the states with the fewest, all but Missouri and Hawaii are essentially in the Northeast.
States with the greatest and fewest number of Confirmed Coronavirus Cases per 100,000 Population as of July 6, 2020 are shown in the next two tables. The range from top to bottom is ginormous, with New York totaling 2,032 Coronavirus Cases per 100,000 Population compared to Hawaii at just 72. On a comparative basis, New York has had 28 times more cases of Coronavirus than Hawaii. Remember that 1,000 cases per 100,000 population equates to a 1 percent confirmed infection rate across the population. Hence, while New York and New Jersey have a confirmed Coronavirus infection rate of 2.03 percent and 1.95 percent, respectively, Coronavirus has infected just 0.072 percent of Hawaii. Confirmed cases dramatically underestimate the actual number of Coronavirus infections. In June, Dr Robert Redfield, Director of the CDC, was quoted in Time Magazine, June 25, 2020 saying, “Now that serology tests are available, which test for antibodies, the estimates we have right now show 10 times more people have antibodies in the jurisdictions tested than have documented infections.”
The extent of fatalities varies also, as shown in the following tables listing the total number Coronavirus Related Deaths through July 6, 2020 per 100,000 population.
The following table shows these data for all 50 states, sorted alphabetically.
To read the full study from 24/7 Wall Street click https://247wallst.com/special-report/2020/07/07/states-where-the-virus-is-growing-the-fastest/?utm_source=247WallStDailyNewsletter&utm_medium=email&utm_campaign=DailyNewsletter&utm_content=JUL082020a
This pandemic will not be over until we can comfortably travel on a full airplane, step on a crowded elevator, or go to a Texas A&M football game without concern. Required is an effective vaccine or therapeutic to get back to normal. Though neither the vaccine nor therapeutic are available today, I do believe we are feeling better about this now than in mid-March when there was so much unknown about this virus.