Reliable Up-to-date US Cases Data

  • Thread starter Thread starter lovethetrade
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lovethetrade

CNBC, Marketwatch, Reuters and Bloomberg etc reported 60K new US cases for July 7th in various articles but the data from the Washington Post and another reliable source reported 51,700 - 51,800. The WP and other data source went on to report 62K new cases the following day.

Why is there a discrepancy in the reporting when the Washington Post data is updated periodically but real-time throughout the day?

John Hopkins reports their cases EOD, I think and had 60K cases for July 7th which confirms that the CNBC, Marketwatch, Reuters and Bloomberg reporting is reliable and I assume the data that they are using but obtaining before it's release to the public.

Where are the media companies getting their data from? If some can calculate cases in advance by 24 hours to other data sources doesn't that make the other data sources that provide the updated data throughout the day lagging indicators and unreliable for trading?

Does anyone have any thoughts regarding this?
 
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HobbyTrading said:
I'm curious to hear more about your buying/selling strategy based on new daily Covid-19 cases.
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I agree, I just don't see anything in the market changing if we had 51k or 60k new cases. Everyone's pretty numb to daily differences of that magnitude at this point especially since they are so noisy.
 
HobbyTrading said:
I'm curious to hear more about your buying/selling strategy based on new daily Covid-19 cases.
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Sig said:
I agree, I just don't see anything in the market changing if we had 51k or 60k new cases. Everyone's pretty numb to daily differences of that magnitude at this point especially since they are so noisy.
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Here is one view:

https://www.schwab.com/resource-center/insights/content/pause-stocks-june-consolidation-continues

Key Points
  • Stocks have been consolidating their post-March 23 gains over the past few weeks, with a shift back toward growth characteristics.

  • Differences in age cohorts’ attitudes toward both the stock market and the virus may be at play.

  • A full market cycle condensed into a few months suggests investors should “react” by rebalancing; not try to anticipate the market’s short-term peaks and valleys.
More...
 
ironchef said:
Here is one view:

https://www.schwab.com/resource-center/insights/content/pause-stocks-june-consolidation-continues
More...
I was just saying that any big number of cases per day will have the same impact on the market in the ranges we're seeing today. If it fell to 5,000 new cases or rose to 100,000 new cases a day it would be a big deal and may impact markets. Whether it's 40,000 or 50,000 or 60,000 today isn't going to have any impact because the data is so noisy and variations in that range just aren't meaningful even from an epidemiology perspective let alone a market perspective.
Maybe the OP found a specific stock that's super responsive to new case numbers?
 
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