Clown World

Fri, Jan 14, 2022 - 10:55am

If you need an example of just how utterly screwed up the financial markets are in 2022, today provides a perfect example. The data doesn't matter. Only the HFT algo reaction matters.

So happy Friday to everyone. We've finally come to the end of what we knew was going to be a long and volatile week. A three-day US market holiday weekend awaits but we have to get through today first and paint the weekly charts before we check out.

The news today has come in bunches. The first key datapoint was the latest update on retail sales here in the US...and it was lousy. Almost...

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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.

Forum Discussion

by silverseeker, May 24, 2022 - 11:53am
by Green Lantern, May 24, 2022 - 9:24am
by Green Lantern, May 24, 2022 - 7:57am
by silverseeker, May 24, 2022 - 7:37am
by Green Lantern, May 24, 2022 - 7:05am
by Green Lantern, May 24, 2022 - 6:53am