Friday: Retail Sales, Industrial Production, NY Fed Mfg

• 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
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.

COVID-19 Positive Tests per DayClick 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.