PPI and CGP

71
Wed, Jul 14, 2021 - 10:27am

We got a nice one-two boost this morning from the surging Producer Price Index and the prepared remarks of Chief Goon Powell before his appearance today before a joint US congressional committee. It's a nice bounce but it has already begun to run into the resistance levels that we've been expecting for the past several days.

But, whatever. Let's again not get too caught up in the day-to-day and tick-for-tick. Try to project forward a few months and then ponder how CGP will spin his story in order to continue monetizing the immense load of new US debt that is coming over the...

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Key Economic Events Week of 8/2

8/2 9:45 ET Markit Manu PMI
8/2 10:00 ET ISM Manu PMI
8/3 10:00 ET Factory Orders
8/4 8:15 ET ADP Jobs report
8/4 9:45 ET Markit Service PMI
8/4 10:00 ET ISM Service PMI
8/6 8:30 ET BLSBS

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