The Power of The Fed

Mon, Jul 19, 2021 - 7:35am

As discussed back on Friday, I'm out all day today. So just this quick update and homework assignment.

As the week begins, the selling from Friday is continuing and it's not just in the Comex digital metals. Almost the entire commodity board is red and the DJIA futures are down nearly 400 points. The only things up are the POSX and bonds...and the bond market is soaring! The yield on the 10-year note is down another five basis points to 1.25%!...

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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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