Tuesday: Trade Deficit
by Calculated Risk on 3/07/2022 09:14:00 PM
From Matthew Graham at Mortgage News Daily: Mortgage Rates Jump Back Up to Start The Week
Since late February, Ukraine is the key consideration for financial markets. At first, this pushed rates noticeably lower, but that trend has leveled off as of last week. Now we’re seeing rates move broadly sideways in the bigger picture, with extreme volatility at times. [30 year fixed 4.09%]
o At 6:00 AM ET, NFIB Small Business Optimism Index for February.
o At 8:30 AM, Trade Balance report for January from the Census Bureau. The consensus is the trade deficit to be $87.1 billion. The U.S. trade deficit was at $80.7 Billion in December.
On COVID (focus on hospitalizations and deaths):
AgoGoalPercent fully Vaccinated65.1%—>=70.0%1Fully Vaccinated (millions)216.2—>=2321New Cases per Day342,20462,266<=5,0002Hospitalized329,83744,714<=3,0002Deaths per Day31,2591,723<=5021 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.
This graph shows the daily (columns) and 7-day average (line) of deaths reported.New cases, hospitalizations and deaths are now declining.