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Thursday: Existing Home Sales, Unemployment Claims, Philly Fed Mfg

Thursday:
• At 8:30 AM ET, The initial weekly unemployment claims report will be released.  The consensus is for 230 thousand initial claims.

• Also at 8:30 AM, the Philly Fed manufacturing survey for January. The consensus is for a reading of 23.0, up from 15.4.

• At 10:00 AM, Existing Home Sales for December from the National Association of Realtors (NAR). The consensus is for 6.45 million SAAR, down from 6.46 million. Housing economist Tom Lawler expects the NAR to report 6.33 million SAAR.

On COVID (focus on hospitalizations and deaths):

COVID Metrics
 
Now
Week
Ago
Goal

Percent fully Vaccinated
63.1%

≥70.0%1

Fully Vaccinated (millions)
209.5

≥2321

New Cases per Day3

755,095
763,722
≤5,0002

Hospitalized3🚩
142,595
125,106
≤3,0002

Deaths per Day3

1,669
1,687
≤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 positive tests reported.

The 7-day average for new cases are just below record levels.  Hospitalizations are at record levels.
Fortunately, deaths are still only half the previous 7-day average record of 3,421 per day in January 2021.

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