Calculated Risk: Wednesday: ISM Services

by Calculated Risk on 8/02/2022 11:56:00 PM

• At 7:00 AM ET, The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index.

• At 10:00 AM, the ISM Services Index for July.   The consensus is for a reading of 53.5, down from 55.3.

On COVID (focus on hospitalizations and deaths):

Hospitalizations have almost quadrupled from the lows in April 2022.

COVID Metrics
  Now Week
New Cases per Day2 114,021 127,727 ≤5,0001
Hospitalized2 36,835 37,034 ≤3,0001
Deaths per Day2 357 415 ≤501
1my goals to stop daily posts,
27-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.

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

Image and article originally from Read the original article here.