Twelve Steps To Recovery

Wed, Jun 30, 2021 - 10:40am

OK, maybe not twelve. More like six or seven. But we are clearly progressing along the path of recvery that we first laid out two weeks ago following the post-FOMC crash and another milestone was crossed off this morning.

And which milestone was that? Getting through the month and quarter end, option-pricing LBMA PM Fix. That occurred at 9:00 am CT on the chart below. In a big shock, it looks like something near $1760 was always going to be the desired number....

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Key Economic Events Week of 9/20

9/21 8:30 ET Housing Starts
9/22 8:30 ET Existing Home Sales
9/22 2:00 ET FOMC Fedlines
9/22 2:30 ET Chief Goon Powell
9/23 9:45 ET Flash PMIs for September
9/24 8:45 ET Goon Mester
9/24 10:00 ET Chief Goon Powell
9/24 10:00 ET Goon George

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