by Calculated Risk on 5/18/2022 09:01:00 PM
o At 8:30 AM ET, the initial weekly unemployment claims report will be released. The consensus is for 210 thousand up from 203 thousand last week.
o Also at 8:30 AM, the Philly Fed manufacturing survey for May. The consensus is for a reading of 16.7, down from 17.6.
o At 10:00 AM, Existing Home Sales for April from the National Association of Realtors (NAR). The consensus is for 5.62 million SAAR, down from 5.77 million.
On COVID (focus on hospitalizations and deaths):
AgoGoalPercent fully Vaccinated66.5%—>=70.0%1Fully Vaccinated (millions)220.7—>=2321New Cases per Day3?99,34781,031<=5,0002Hospitalized3?16,62414,258<=3,0002Deaths per Day3273317<=5021 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.
This graph shows the daily (columns) and 7-day average (line) of deaths reported.New cases have quadrupled from the recent low, and hospitalizations are increasing week-over-week.
Average daily deaths bottomed in July 2021 at 214 per day.