A Lot For A Thursday

Thu, May 27, 2021 - 10:52am

We knew that the latest Durable Goods report was coming today and we certainly need to discuss it. But there's a whole bunch of other stuff happening today so we'd better dig right in.

Let's start with that Durable Goods report. It printed at -1.3%, which is the first decline since April of last year in the heart of the lockdowns. Is this a reflection of too high of prices? Is it a reflection of a lack of stimmies? Is it a combination of other factors? Yes, yes and yes....

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Key Economic Events Week of 6/14

6/15 8:30 ET Retail Sales
6/15 8:30 ET Producer Price Index
6/15 8:30 ET Empire State Manu Idx
6/15 9:15 ET Cap Ute and Ind Prod
6/15 10:00 ET Business Inventories
6/16 8:30 ET Import Price Index
6/16 2:00 ET FOMC Fedlines
6/16 2:30 ET Chief Goon Powell presser
6/17 8:30 ET Philly Fed
6/17 10:00 ET Leading Economic Indicators

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