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.

Mississippi tornadoes kill 23, injure dozens overnight

Awaiting possible indictment, Trump rallies in Waco and vows to ‘destroy the deep state’

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.