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Friday:
• At 8:30 AM ET, Personal Income and Outlays for December. The consensus is for a 0.5% increase in personal income, and for a 0.5% decrease in personal spending. And for the Core PCE price index to increase 0.5%.
• At 10:00 AM, University of Michigan’s Consumer sentiment index (Final for January). The consensus is for a reading of 68.6.
On COVID (focus on hospitalizations and deaths):
| COVID Metrics | ||||
|---|---|---|---|---|
| Now | Week Ago |
Goal | ||
| Percent fully Vaccinated | 63.6% | — | ≥70.0%1 | |
| Fully Vaccinated (millions) | 211.2 | — | ≥2321 | |
| New Cases per Day3 | 596,859 | 744,805 | ≤5,0002 | |
| Hospitalized3 | 139,974 | 145,650 | ≤3,0002 | |
| Deaths per Day3🚩 | 2,288 | 1,829 | ≤502 | |
| 1 Minimum to achieve "herd immunity" (estimated between 70% and 85%). 2my goals to stop daily posts, 37-day average for Cases, Currently Hospitalized, and Deaths 🚩 Increasing 7-day average week-over-week for Cases, Hospitalized, and Deaths ✅ Goal met. |
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Click on graph for larger image.
This graph shows the daily (columns) and 7-day average (line) of positive tests reported.
New cases and hospitalizations are now declining.
Unfortunately, deaths are still rising – now averaging over 2 thousand deaths per day – but below the previous 7-day average record of 3,421 in January 2021.
Financial Services
