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Thursday, January 13, 2022

Friday: Retail Sales, Industrial Production

by Calculated Risk on 1/13/2022 08:16:00 PM

• At 8:30 AM ET, Retail sales for December is scheduled to be released.  The consensus is for a 0.1% decrease in retail sales.

• At 9:15 AM, The Fed will release Industrial Production and Capacity Utilization for December. The consensus is for a 0.3% increase in Industrial Production, and for Capacity Utilization to increase to 77.0%.

• At 10:00 AM, University of Michigan's Consumer sentiment index (Preliminary for January).

And on COVID (focus on hospitalizations and deaths):

COVID Metrics
Percent fully Vaccinated62.7%---≥70.0%1
Fully Vaccinated (millions)208.2---≥2321
New Cases per Day3🚩782,765587,722≤5,0002
Deaths per Day3🚩1,7291,263≤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.

COVID-19 Positive Tests per DayClick 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 and 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.