Trouble Brewing

Concerns that the global markets are on the verge of some sort of meltdown continue today. For once, at least, the Comex PMs are a little higher but we'll have to see if they can maintain as the day progresses.

As we discussed in yesterday's podcast, my hope was that the S&P would continue to rally and bounce today...simply so that I could short it. It tried to rally above 4300 overnight but failed and it is now dropping again as the NYSE opens. As you can see, it's currently down about 40 points and trying to bounce now that it's after 10:00 EDT. Let's check it again at the...

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Key Economic Events Week of 11/28

11/28 12:00 ET Goon Bullard
11/28 12:00 ET Goon Williams
11/29 9:00 ET Case-Shiller home prices
11/29 10:00 ET Consumer Confidence
11/30 8:15 ET ADP jobs report
11/30 8:30 ET Q3 GDP 2nd guess
11/30 9:45 ET Chicago PMI
11/30 10:00 ET JOLTS
11/30 1:30 ET Chief Goon Powell
12/1 8:30 ET PCE and Core PCE
12/1 8:30 ET Consumer Inc and Spend
12/1 9:30 ET Goon Bowman
12/1 9:45 ET S&P Manu PMI
12/1 10:00 ET ISM Manu PMI
12/2 8:30 ET BLSBS

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