Golden Week Continues

Tue, Oct 5, 2021 - 10:42am

As discussed yesterday, the usual pattern during the Chinese holiday of Golden Week is down early and then up late. Yesterday brought a reprieve when Goon Bullard discussed non-transitory inflation. But the selling returned today and all of yesterday's gains have been reversed.

And check this out. The chart of Sunday into Monday and then Monday into Tuesday is nearly identical. Imagine that......

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Key Economic Events Week of 10/18

10/18 9:15 ET Cap Ute and Ind Prod
10/19 8:30 ET Housing Starts
10/19 3:00 ET Goon Waller
10/20 1:00 ET Goon Quarles
10/20 2:00 ET Fed Beige Book
10/21 8:30 ET Philly Fed
10/21 10:00 ET LEIII
10/22 9:45 ET October Flash PMIs

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