Wednesday:• At 8:30 AM ET, Trade Balance report for June from the Census Bureau. The consensus is the trade deficit to be $80.1 billion. The U.S. trade deficit was at $85.5 Billion the previous month.
• Also at 8:30 AM, The initial weekly unemployment claims report will be released. The consensus is for 265 thousand up from 256 thousand last week.
On COVID (focus on hospitalizations and deaths):
Hospitalizations have almost quadrupled from the lows in April 2022.
Click on graph for larger image.
| COVID Metrics | ||||
|---|---|---|---|---|
| Now | Week Ago |
Goal | ||
| New Cases per Day2 | 119,034 | 126,812 | ≤5,0001 | |
| Hospitalized2 | 37,132 | 37,286 | ≤3,0001 | |
| Deaths per Day2 | 387 | 396 | ≤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. |
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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.