All At Once

Wed, Nov 10, 2021 - 10:31am

There's not anything gradual about today's reaction to the latest U.S. CPI data. Comex precious metal prices have soared and both CDG and CDS have attained some key breakout levels. And the day's not over so it will be fun to watch the POSX and bond market for clues as to how much further we can go before the close.

What a morning this has been. For literally months, I have been telling anyone who would listen that "the market" had swallowed The Fed's transitory narrative hook, line and sinker....and that the realization of inflation was NOT transitory would finally lead to a...

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Key Economic Events Week of 11/22

11/23 9:45 ET Markit Nov Flash PMIs
11/24 8:30 ET Q3 GDP 2nd guess
11/24 8:30 ET Durable Goods
11/24 10:00 ET Personal Inc and Spend
11/24 10:00 ET Core Inflation
11/24 10:00 ET UMich Consumer Sentiment
11/24 10:00 ET Five-year Inflation Exp.
11/24 2:00 ET November FOMC minutes

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