The No Fun Zone

So now it's Wednesday and, just when it looked like we had something going today, the bond market puked and rates spiked. The algos then took over and now both CDG and CDS are back to their lows of the day. Stated another way...It's just another day in The No Fun Zone.

And, frankly, it's been a No Fun Year. All of the bad news. All of the inflation. All of the Covid fear. All of it. If anything, we at least should have had rallying PMs to ease the sting but we couldn't even get that to happen and...so...here we are.

Yes, overnight and into London it appeared that maybe...

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Key Economic Events Week of 8/8

8/8 11:00 ET NY Fed Inflation Exp.
8/9 8:30 ET Unit Labor Costs
8/10 8:30 ET CPI
8/11 8:30 ET PPI
8/12 8:30 ET Import Price Index
8/13 10:00 ET UMich Consumer Sentiment
8/13 10:00 ET UMich Inflation Exp.

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