Friday:
• At 8:30 AM ET: Personal Income and Outlays, March 2021. The consensus is for a 0.4% increase in personal income, and for a 0.6% increase in personal spending. And for the Core PCE price index to increase 0.3%. PCE prices are expected to be up 6.4% YoY, and core PCE prices up 5.3% YoY.
Click on graph for larger image.
• At 8:30 AM ET: Personal Income and Outlays, March 2021. The consensus is for a 0.4% increase in personal income, and for a 0.6% increase in personal spending. And for the Core PCE price index to increase 0.3%. PCE prices are expected to be up 6.4% YoY, and core PCE prices up 5.3% YoY.
• At 9:45 AM, Chicago Purchasing Managers Index for April. The consensus is for a reading of 62.0, down from 62.9 in March.
• At 10:00 AM, University of Michigan’s Consumer sentiment index (Final for April). The consensus is for a reading of 65.7.
On COVID (focus on hospitalizations and deaths):
| COVID Metrics | ||||
|---|---|---|---|---|
| Now | Week Ago |
Goal | ||
| Percent fully Vaccinated | 66.1% | — | ≥70.0%1 | |
| Fully Vaccinated (millions) | 219.6 | — | ≥2321 | |
| New Cases per Day3🚩 | 53,133 | 42,426 | ≤5,0002 | |
| Hospitalized3🚩 | 10,803 | 9,909 | ≤3,0002 | |
| Deaths per Day3 | 334 | 352 | ≤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 deaths reported.
Deaths are declining week-over-week, but new cases and hospitalizations are increasing.
Average daily deaths bottomed in July 2021 at 214 per day.