Red Monday

59
Mon, May 9, 2022 - 10:35am

As expected, the week has begun downward. Let's just hope it doesn't turn into Red Week.

So here we go. Much angst and chagrin over the weekend at how bad things might get across all markets in the week ahead. It's still hard to believe it was just three weeks ago today that CDG was $2003, CDS was $26.50 and the GDX was $41. So much can change in a month. Maybe things can flip back toward fun in the month ahead?

Much of that will be determined soon, I suppose. This week brings the latest CPI numbers on Wednesday and it will be quite interesting to see how they turn out...

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Key Economic Events Week of 5/9

5/9 11:00 ET 1-3 year inflation expectations
5/10 7:40 ET Goon Williams
5/10 9:15 ET Goon Barkin
5/10 1:00 ET Goons Waller and Kashnkari
5/10 3:00 ET Goon Mester
5/11 8:30 ET CPI
5/11 12:00 ET Goon Bostic
5/12 8:30 ET PPI
5/13 8:30 ET Import Prices
5/13 10:00 ET UMich inflation expectations
5/13 11:00 ET Goon Kashnkari
5/13 12:00 ET Goon Mester

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