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TFMR Podcast - Wednesday, September 23

Wed, Sep 23, 2020 - 5:59pm

As you know, I'm currently en route back to Turdfork so the title of this post is a bit misleading. There is no audio podcast today as I'm pretty certain that the nice woman in seat 24F would not be too thrilled to hear me record one. So instead, here's a written summary of the day's events...and what a lousy day it was.

Yesterday at this time, I thought there might be some hope for today. The US "stock market" had recovered and closed green and it seemed that maybe, just maybe, we'd get a break from this week's extreme rally in the POSX and begin to bounce back in the Comex...

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Key Economic Events Week of 12/6

12/7 8:30 ET US Trade Deficit
12/7 8:30 ET Productivity
12/7 8:30 ET Unit Labor Costs
12/8 10:00 ET JOLTS job openings
12/10 8:30 ET CPI
12/10 10:00 ET UMich consumer sentiment
12/10 10:00 ET Five-year inflation expectation