Chief Goon Powell Returns

60
Mon, Nov 22, 2021 - 10:44am

We've spent the past few weeks wondering whether or not PETUS would nominate Chief Goon Powell for a second term as head of The Fed and today brought our answer. It has also brought the 29th massive red candle for the 2021 daily chart. That's more than a full month of massive red candles! No wonder we're all so worn out!!

When I first checked things this morning, I saw the tweets that an announcement regarding Powell v Brainard was coming down later today. I was immediately filled with a sense of doom and dread. Why? When was the last time that gold positive news came out the day...

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Key Economic Events Week of 5/23

5/23 12:00 ET Goon Bostic
5/24 9:45 ET Markit Flash PMIs May
5/24 10:00 ET New home sales
5/25 8:30 ET Durable Goods
5/25 2:00 ET May FOMC minutes
5/26 8:30 ET Q1 GDP 2nd guess
5/27 8:30 ET PCE and Core PCE
5/27 8:30 ET Personal Inc and Spending
5/27 10:00 ET UMich 5-yr Inflation Exp.

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