Wednesday:
• At 7:00 AM ET, The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index.
Click on graph for larger image.
• At 7:00 AM ET, The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index.
• At 8:30 AM, Durable Goods Orders for April from the Census Bureau. The consensus is for a 0.6% increase in durable goods orders.
• At 2:00 PM, FOMC Minutes, Minutes Meeting of May 3-4, 2022
On COVID (focus on hospitalizations and deaths):
| COVID Metrics | ||||
|---|---|---|---|---|
| Now | Week Ago |
Goal | ||
| Percent fully Vaccinated | 66.6% | — | ≥70.0%1 | |
| Fully Vaccinated (millions) | 221.0 | — | ≥2321 | |
| New Cases per Day3🚩 | 104,480 | 95,207 | ≤5,0002 | |
| Hospitalized3🚩 | 19,218 | 16,424 | ≤3,0002 | |
| Deaths per Day3 | 279 | 284 | ≤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. |
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Click on graph for larger image.
This graph shows the daily (columns) and 7-day average (line) of deaths reported.
New cases have more almost quadrupled from the recent low, and hospitalizations are increasing week-over-week.
Average daily deaths bottomed in July 2021 at 214 per day.