by Calculated Risk on 1/13/2022 08:16:00 PM
• At 8:30 AM ET, Retail sales for December is scheduled to be released. The consensus is for a 0.1% decrease in retail sales.
• At 9:15 AM, The Fed will release Industrial Production and Capacity Utilization for December. The consensus is for a 0.3% increase in Industrial Production, and for Capacity Utilization to increase to 77.0%.
• At 10:00 AM, University of Michigan’s Consumer sentiment index (Preliminary for January).
And on COVID (focus on hospitalizations and deaths):
|Percent fully Vaccinated||62.7%||—||≥70.0%1|
|Fully Vaccinated (millions)||208.2||—||≥2321|
|New Cases per Day3🚩||782,765||587,722||≤5,0002|
|Deaths per Day3🚩||1,729||1,263||≤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.
The 7-day average for new cases and hospitalizations are at record levels.
Fortunately, deaths are still only half the previous 7-day average record of 3,421 per day in January 2021.