A new all-time daily record of 62,117 US COVID cases on Wednesday highlights the difficulty in President Trump’s reelection campaign. Any significant bounce back in Q3 GDP data (due for release just 5 days before the election) is contingent upon mobility levels normalizing and America returning to work. With mobility levels currently declining in swing states such as Florida (Chart 1) this could well delay the recovery. Given the economy is the only area where polls show Trump is currently trusted more than the Democrats this will be a huge concern for the Republican campaign...
TO READ THIS HIVE INDICATOR
SUBSCRIBE TO MACRO HIVE PRIME