U.S. Reopening Monitor Update - August 3, 2020
The Stone Investment Partners’ U.S. Reopening Monitor was designed to provide a dashboard of high frequency and non-traditional data to gauge the pace and strength of U.S. economic activity as business restarts following the COVID-19 lockdown. The dashboard consists of three main indicator groups: healthcare, economic and financial market. This guide will provide the details behind each of the indicators within the groups. Initial and continuing jobless claims are releases with a one- and two-week lag respectively. Data marked with an asterisk (*) denotes that the indicator was either not yet available or not published by the underlying source that week. The data marked in green indicates that the measurement improved on a week-over-week basis, while red reflects week-over-week deterioration.
Another way to visualize the data is to look at the number of factors in the monitor improving or deteriorating on a week-over-week basis.
Readings for our U.S. Reopening Monitor deteriorated last week with the uptick in infections slowing the momentum of the economic recovery and showing up in the underlying high frequency economic data for dining, airplane travel and public transit usage. Of positive note looking forward, initial readings on new COVID-19 cases have fallen on a week-over-week (W/W) basis for two weeks in a row now after starting to rise in early June. Please see charts of many of the components below.
The Guide to the U.S. Reopening Monitor is linked here.
The PDF version of the weekly update to the U.S. Reopening Monitor is linked here.