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Monday, June 06, 2022

Tuesday: Trade Deficit

by Calculated Risk on 6/06/2022 09:00:00 PM

From Matthew Graham at Mortgage News Daily: Rates Jump Up To Highest Levels in Nearly a Month

... rates moved quite a bit higher today, as far as single days go. The average lender is at least an eighth of a percent (0.125%) higher than they were on Friday. The average conventional 30yr fixed rate is once again back up to at least 5.5% depending on number of mid-day price changes made by any given lender. [30 year fixed 5.50%]
emphasis added
• At 8:30 AM ET, 8:30 AM: Trade Balance report for April from the Census Bureau. The consensus is the trade deficit to be $89.3 billion.  The U.S. trade deficit was at $109.8 Billion in March.

On COVID (focus on hospitalizations and deaths):

COVID Metrics
Percent fully Vaccinated66.7%---≥70.0%1
Fully Vaccinated (millions)221.5---≥2321
New Cases per Day398,513106,339≤5,0002
Deaths per Day3247320≤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 deaths reported.

New cases have quadrupled from the recent low.

Average daily deaths bottomed in July 2021 at 214 per day.