Stuck & Stagnant

70
Thu, Jun 23, 2022 - 10:14am

Thursday dawns as Wednesday ended with "the markets" unsure of what to do next and the Comex digital metals still stuck in an odd sort of limbo, waiting for some sort of catalyst to send them either higher or lower.

Perhaps that catalyst will come with today's flash PMIs for the month of June. Will these preliminary numbers show a continued decline and contraction of the US economy? Earlier today, the latest PMIs out of the EU were dubbed a "horror show" by ZH: https://www....

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Key Economic Events Week of 6/20

6/21 8:30 ET Chicago Fed
6/21 10:00 ET Existing home sales
6/21 12:00 ET Goon Mester
6/21 3:30 ET Goon Barkin
6/22 9:30 ET Chief Goon Powell on Cap Hill
6/22 12:50 ET Goon Evans
6/23 9:45 ET Markit flash PMIs for June
6/23 10:00 ET Chief Goon Powell again
6/24 7:30 ET Goon Bullard
6/24 10:00 ET UMich revisions
6/24 4:00 ET Goon Daly

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