Big BLSBS Miss

167
Fri, Sep 3, 2021 - 10:16am

We've been waiting all week for the BLSBS. We've watched The Banks cap price at the 200-day moving average and our concern grew that today would bring a slam. Instead, the BLSBS came in at about 30% of expectations and it now appears that our concerns were unwarranted.

Of course, it's not over yet and there's still plenty of time left in the day. However, with today's news, any mention of taper in two weeks at the next FOMC appears to be off the table. As usual, the best summary you can read comes from ZH:...

About the Author

Founder
tfmetalsreport [at] gmail [dot] com ()

167 Comments on Big BLSBS Miss

Subscribe or login to read all comments.

Become member and subscribe to Turd's Vault

Contribute

Donate Shop

Get Your Subscriber Benefits

Private iTunes feed for all TF Metals Report podcasts, and access to Vault member forum discussions!

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

randomness