Here’s a look at how much of the country is reopening
A growing number of states are beginning to reopen their economies in the first two weeks of May, a trend that’s making investors optimistic that the worst of the economic downturn may have already passed.
The above chart shows how many Americans will soon see Covid-19 restrictions lift. To be sure, all eyes will be on whether those states see a “second wave” resurgence of coronavirus cases as residents begin to congregate, which would reverse that trend.
Covid-19 curves “will become important again as economies open up. Especially in 10ish days from now. We start with Korea … followed by Florida, Georgia and Sweden,” wrote Evercore ISI portfolio strategist Dennis DeBusschere, who has been closely tracking coronavirus updates for clients.
The chart could look even better if New York and California make announce official reopenings.