by Calculated Risk on 7/14/2022 09:06:00 PM

Friday:
• At 8:30 AM ET, Retail sales for June is scheduled to be released.  The consensus is for 0.8% increase in retail sales.

• Also, at 8:30 AM, The New York Fed Empire State manufacturing survey for July. The consensus is for a reading of -2.6, down from -1.2.

• At 9:15 AM, The Fed will release Industrial Production and Capacity Utilization for June. The consensus is for a no change in Industrial Production, and for Capacity Utilization to decrease to 80.4%.

• At 10:00 AM, University of Michigan's Consumer sentiment index (Preliminary for July).

On COVID (focus on hospitalizations and deaths):

Hospitalizations have almost quadrupled from the lows earlier this year.

COVID Metrics
	Now	Week Ago	Goal
New Cases per Day2🚩	124,048	107,174	≤5,0001
Hospitalized2🚩	32,507	29,099	≤3,0001
Deaths per Day2🚩	351	312	≤501
1my goals to stop daily posts, 27-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 deaths reported.

Average daily deaths bottomed in July 2021 at 214 per day.