One Day Closer

86
Wed, Nov 18, 2020 - 10:44am

We are one day closer to the Dec20 expirations. Unfortunately, there's not much else positive to say on an otherwise beautiful Wednesday morning.

Let's start with the latest vaccine news. It appears that the Pfizer vaccine...announced nine days ago and celebrated with a $110 drop in Comex gold prices...appears to be 95% effective. This is great. I'll remind you again, however, that this news accomplishes nothing in the short term. It appears that the northern hemisphere winter season is going to be quite miserable and neither this nor any other vaccine will be able to forestall...

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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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