May Month End

61
Fri, May 28, 2021 - 10:08am

It has been a long week and it's finally Friday. We warned last Friday and again last Monday that it would be challenging to finish the week UNCH...and it has been. However, with just four hours to go before the Comex close, we've got a shot at a green weekly candle and that would certainly constitute a victory of sorts.

Let's start by going back to the beginning. We knew on Monday that the week would bring a deluge of possible Bank shenanigans...and it has...but it has been limited by the unabashedly bullish fundamentals. See this from the Monday morning update:...

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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
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6/15 9:15 ET Cap Ute and Ind Prod
6/15 10:00 ET Business Inventories
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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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