Goon Week

Mon, May 11, 2020 - 10:56am

It will be a busy week for economic data but an even busier week for the Fed Goons as the calendar includes nine speeches from eight Goons, including an appearance by Chief Goon Powell on Wednesday. In between we get the PPI, the CPI and Retail Sales, too.

With all of the Goon speeches pending, let's start with your scorecard update for the first seven weeks of the rest of your QE∞:

  • Dollar Index -3.0%
  • COMEX Gold +14.6%
  • S&P500 +27.2%
  • COMEX Silver +27.4%
  • Gold Miner ETF GDX +69.6%

What might...

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Key Economic Events Week of 5/3

5/3 9:45 ET Markit manu PMI
5/3 10:00 ET ISM manu PMI
5/3 10:00 ET Construction Spending
5/3 2:20 ET Chief Goon Powell
5/4 8:30 ET US Trade Deficit
5/4 8:30 ET Factory Orders
5/4 1:00 ET Goons Daly and Kashnkari
5/5 8:15 ET ADP jobs report
5/5 9:45 ET Markit service PMI
5/5 10:00 ET ISM service PMI
5/5 12:00 ET Goon Mester
5/6 8:30 ET Productivity and Labor Costs
5/6 10:00 ET Goon Kaplan
5/7 8:30 ET BLSBS

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