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Friday: Personal Income and Outlays

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  NowWeek
AgoGoal Percent fully Vaccinated63.6%—≥70.0%1 Fully Vaccinated (millions)211.2—≥2321 New Cases per Day3596,859744,805≤5,0002 Hospitalized3139,974145,650≤3,0002 Deaths per Day3🚩2,2881,829≤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.
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.

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