State of the States - E pluribus unum

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MACRO STRATEGY

State of the States - E pluribus unum

Apr. 22, 2020

One of the key questions facing the United States is how and when to reopen economies that were shut. While every day that a state is shut increases the financial hardship of its citizens and may impact the future ability of the state to reopen, reopening too soon could result in an extended second period of a shut down. Data on testing – volume of tests and the percentage of tests that are positive - suggest some states may be closer to reopening than others. How and when those states reopen may provide a model for the rest, speeding the recovery of the whole.