A Day Of Relative Calm

Thu, Mar 3, 2022 - 10:25am

For the first time in a week, the "markets" look like the used to...prices in relatively tight ranges and lacking in volatility. Will this continue? Probably not. But it's kind of nice.

As the day begins, the Ukraine Crisis continues but without any urgent headlines. On the economic front, we await the service sector PMIs for February. The Markit number is always released first and it just hit the tape a few moments ago. I'll add the ISM number when it's out.

US Markit Services PMI Feb F: 56.5 (est 56.7; prev 56.7)...

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Key Economic Events Week of 6/27

6/27 8:30 ET Durable Goods
6/27 1:25 ET Jul22 Silver option expiry
6/27 10:00 ET Pending home sales
6/28 10:00 ET Consumer Confidence
6/28 10:00 ET Richmond Fed
6/28 12:30 ET Goon Daly
6/29 8:30 ET Q1 GDP final guess
6/29 9:00 ET Chief Goon Powell
6/29 11:30 ET Goon Mester
6/29 1:00 ET Goon Bullard
6/29 1:25 ET Jul22 Silver off board
6/30 8:30 ET PCE and Core PCE
6/30 8:30 ET Pers Inc and Cons Spend
6/30 9:45 ET Chicago PMI
7/1 9:45 ET S&P Manu PMI
7/1 10:00 ET ISM Manu PMI

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