Good Tuesday PM,
Mortgage bonds are trading a bit calmer today. There was some volatility early and it looked like things could get uglier, but the weak data took care of that. I would like to see it run back up and test the resistance where the 50-day moving average sits. We need to get back above that line! Today the news was horrible for the economy, and that should help the bounce I am anticipating. Remember that tomorrow is Durable Orders, and a strong number could hurt bonds. I do not expect a strong number, so we should be ok. This is a guess, not fact, of course. The big day is Friday when we hear from Chairman Powell and see the PCE numbers.
Let’s hope for low inflation numbers. PCE is watched more closely by the FED than CPI.
It’s already late in the day so I’ll leave it with an interesting piece from the WSJ on Americana…
Where should you live to have the longest life expectancy? New data suggests heading out West is a good bet.
Hawaii has the highest life expectancy of any U.S. state, according to new federal figures released on Tuesday by the Centers for Disease Control and Prevention. The combined average life expectancy for men and women in the state was 80.7 years old, the only U.S. state with an average expectancy rate above 80 years.
Washington state has the second-highest life expectancy, at 79.2 years. California was also high on the list, at 79.0 years.
Other states with the highest life expectancies included Minnesota, Massachusetts and New Hampshire.
Life expectancy rates in the U.S. fell sharply in 2020 as the Covid-19 pandemic took hold. Americans’ average life expectancy fell to 77 years in 2020, down 1.8 years from 2019 and the biggest decline since at least World War II.
Covid-19 was the nation’s third-leading cause of death in 2020, behind heart disease and cancer, and was the underlying cause in about 351,000 deaths, the figures showed. Increases in mortality from unintentional injuries—which include drug overdoses—as well heart disease, homicide and diabetes also decreased life expectancy.
While Hawaii, Washington and Minnesota had the highest life expectancy rates, several Southern states had the lowest. Mississippi came in at the bottom of the list, with a life expectancy of 71.9 years. West Virginia was second to last at 72.8, followed by Louisiana at 73.1 and then Alabama, at 73.2.
From 2019 to 2020, life expectancy declined for all 50 states and Washington, D.C., according to the report, with drops ranging from 0.2 of a year for Hawaii to 3.0 years for New York.
To come up with the list, the CDC looked at all 50 states and Washington, D.C., and data from 2020, including the 2020 final mortality statistics, population estimates based on the 2010 census and 2020 Medicare data for people aged 66 to 99.
The report said that states with the lowest life expectancy were mostly Southern states, but also included New Mexico, Indiana, Ohio, Missouri, and Oklahoma as well as Washington, D.C.
Where Americans Are Living Longest
Life expectancy data across the U.S., measured in years
|AREA||RANK||TOTAL LIFE EXPECTANCY IN 2020||CHANGE FROM 2019 (IN YEARS)||MALE LIFE EXPECTANCY IN 2020||FEMALE LIFE EXPECTANCY IN 2020|
|District of Columbia||39||75.3||-1.8||71.7||78.7|
Please remain safe and stay healthy, make today great.