Economically, I would say we're out of the woods for a recession now except to the degree mutant variants force new lockdowns. Four data points, real quick here.

1. The 14-day change in hospitalization is -23%, with 91,440 hospitalizations at present. That's down from a peak over 130,000

2. Initial jobless claims came in today at 779,000, moving the 4-week aver…