Just More BLSBS

Fri, Mar 5, 2021 - 9:32am

It's the first Friday of the month and you know what that means. Today's BLSBS not only came in well above "expectations", last month's total was revised about 100,000 "jobs" higher. This has added fuel to the short bonds - long dollar fire so you can probably imagine the reaction in the Comex precious metals.

In typical BLSBS fashion, the number itself is all that anyone cares about. It's like the game show they play on CNBS where a panel of "experts" gives their guess right before the data is released at 8:30 ET. And then they all chortle and attaboy for whomever got closest....

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Key Economic Events Week of 5/10

5/11 10:00 ET JOLTS job openings
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5/12 8:30 ET Consumer Price Index
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5/12 2:00 ET Federal Budget
5/13 8:30 ET Producer Price Index
5/14 8:30 ET Retail Sales
5/14 8:30 ET Import Price Index
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5/14 10:00 ET Consumer Sentiment

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