Happy Thursday

Thu, Nov 4, 2021 - 10:39am

It's a sea of green across the commodity board today and it appears that the investment world is beginning to wake up to the notion that inflation is not transitory and that central bankers are powerless to control it in the near term.

So, could this be the early stages of "gradually and then all at once"? Maybe. It's certainly a start. Earlier today, the Bank of England left their key interest rate unchanged and, though this has prompted a rally in the POSX, nearly all commodities are rallying as a result....

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Key Economic Events Week of 11/29

11/29 10:00 ET Pending Home Sales
11/29 3:00 ET Chief Goon Powell
11/30 10:00 ET CGP and Mother to Capitol Hill
11/30 9:45 ET Chicago PMI
11/30 10:00 ET Consumer Confidence
11/30 1:00 ET Vice Goon Chlamydia
12/1 8:15 ET ADP jobs report
12/1 9:45 ET Market Manu PMI
12/1 10:00 ET ISM Manu PMI
12/1 10:00 ET CGP and Mother to Capitol Hill
12/2 8:30 ET Goon Bostic
12/2 11:30 ET Goon Daly
12/3 8:30 ET BLSBS
12/3 9:45 ET Markit Services PMI
12/3 10:00 ET ISM Services PMI
12/3 10:00 ET Factory Orders