• At 8:30 AM ET, the initial weekly unemployment claims report will be released. The consensus is for 248 thousand down from 251 thousand last week.
• Also, at 8:30 AM, Gross Domestic Product, 2nd quarter (advance estimate), and annual update. The consensus is that real GDP increased 0.4% annualized in Q2, up from -1.6% in Q1.
• At 11:00 AM, Kansas City Fed Survey of Manufacturing Activity for July. This is the last of the regional surveys for July.
On COVID (focus on hospitalizations and deaths):
Hospitalizations have almost quadrupled from the lows in April 2022.
Click on graph for larger image.
This graph shows the daily (columns) and 7-day average (line) of deaths reported.
| COVID Metrics | ||||
|---|---|---|---|---|
| Now | Week Ago | Goal | ||
| New Cases per Day2🚩 | 127,786 | 126,610 | ≤5,0001 | |
| Hospitalized2🚩 | 36,909 | 35,126 | ≤3,0001 | |
| Deaths per Day2 | 366 | 391 | ≤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.
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