Hammer Time

Tue, Mar 22, 2022 - 10:51am

It's a CoT Tuesday and Goon Bullard is out there flapping his gums about 50 basis point rate hikes. Throw in the Apr22 expirations pending for next week and the TAS-applied spreads that are still out there waiting to be removed and what do you get? Hammer Time.

OK, maybe it's not that bad...yet. But, still, after the brief rally of yesterday, I actually had a glimmer of hope remaining for that $26 silver call I still own and was never able to take off due to my travel schedule last week. As of this moment, all hope is gone.

Yes, CDS is getting smashed but it's mainly...

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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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