Lotsa Data

44
Mon, Aug 30, 2021 - 10:44am

Back on Friday, Chief Goon Powell let us all know that he's ready to start talking about some sort of QE taper plan (which we all know is ridiculous) but that he needs to see more economic data that shows "substantial further progress". Well, he's not going to have to wait long as the week ahead holds more data than he'll know what to do with.

We've begun the week with heavy, consistent selling in the Comex PMs...a trend that began just after the Asia open last evening and continues to this moment as I type. More on that in a minute.

Let's begin, though, with the...

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Key Economic Events Week of 9/13

9/13 2:00 ET Federal Budget
9/14 8:30 ET CPI
9/15 8:30 ET Import Pice Idx
9/15 8:30 ET Empire State Idx
9/15 9:15 ET Ind Prod and Cap Ute
9/16 8:30 ET Retail Sales
9/16 8:30 ET Philly Fed
9/16 10:00 ET Business Inventories
9/17 10:00 ET UMich Consumer Sentiment

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