Pity Poor Powell

Wed, Jan 6, 2021 - 10:50am

If there's one guy who definitely NOT excited about the results of the election yesterday, it's Chief Goon Powell. That poor bastard has really got his work cut out for him in the weeks and months ahead.

What do I mean? Have you seen the yield on the 10-year treasury note today, following the victory by the Ds in Georgia and their pending acquisition of total control of the US legislative and executive branches? At 1.04%, that's the highest yield since the week BEFORE QE∞ began in late March of last year....

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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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