(Not So) Happy Tuesday

85
Tue, May 4, 2021 - 10:54am

For the first time in a while, it's a "Happy Tuesday" instead of a "Terrible Tuesday"...at least for now...and the fact that this actions follows on the rally of yesterday makes it all the more surprising and helpful.

So what's the deal? Why are the Comex PMs up after falling overnight and through the London Monkey session? And wait a minute...the POSX is up, too. What gives? See below:...

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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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