Welcome To June

Tue, Jun 1, 2021 - 10:53am

We've promised you an exciting and volatile month and, if the first day of trading is any indication, it looks like we're going to be right.

I hope you all had a relaxing, holiday weekend. Yes, I know it was mainly a US and UK holiday. And yes, I know that there was some light trading yesterday. However, the action really got back underway last evening, overnight and into this morning.

The biggest issue thus far today is a selloff in the bond market that was alreay underway before the May manufacturing PMIs hit the wires at about 10:00 ET. For a summary, here's a ZH link...

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Key Economic Events Week of 6/21

6/21 9:45 ET Goons Bullard and Kaplan
6/22 2:00 ET CGP on Capitol Hill
6/23 9:45 ET Markit flash PMIs for June
6/24 9:30 ET Durable Goods
6/24 9:30 ET Q1 GDP final guess
6/24 9:30 ET Goons Bostic and Harker
6/24 11:00 ET Goon Williams
6/24 1:00 ET Goon Bullard again
6/25 8:30 ET Personal Inc and Spending
6/25 8:30 ET Core PCE
6/25 10:00 ET UMich Consumer Sentiment

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