The Week Turns Around

48
Wed, Jan 5, 2022 - 10:42am

As we reminded you back on Monday, the year 2021 began with a rally that was reversed a few days later, setting the tone for a difficult year. The year 2022 began with a smash that has also now been reversed. Is this a good sign for the year ahead?

Well, I wouldn't go that far. However, it certainly is encouraging to see the Comex digital metals rebound and recover from the thrashing they took back on the first trading day of the year. As you can see below, Comex gold has made a full round trip:...

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Key Economic Events Week of 1/24

1/24 9:45 ET Markit Flash PMIs for January
1/25 9:00 ET Case-Swiller home prices
1/25 10:00 ET Consumer Confidence
1/26 2:00 ET FOMC Fedlines
1/26 2:30 ET CGP presser
1/27 8:30 ET Q4 GDP first guess
1/27 8:30 ET Durable Goods
1/28 8:30 ET Personal Income and Spending
1/28 8:30 ET Core PCE
1/28 10:00 ET UMich 5-yr Inflation Expectations

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