Euro Trash, Euro Crash

The global markets are an unmitigated disaster this morning and it might get much worse before it gets any better. We're feeling a lot of pain in the PMs and miners but, for once, we're not the only ones as just the POSX is green today.

So where do we even start with an attempt to summarize the situation? Yesterday's CPI print initially led to a selloff in the POSX and this prompted buying in the Comex PMs. But the POSX soon reversed and it then soared again overnight. Today's PPI news only seemed to spur it on.

And what was the PPI? Only +11.3% annualized! Holy smokes...

About the Author

tfmetalsreport [at] gmail [dot] com ()

59 Comments on Euro Trash, Euro Crash

Subscribe or login to read all comments.

Support TFMR

Donate Buy Silver

Access Subscriber Benefits

Listen to TFMR on the go in your favorite podcast app, and join our member-only forum discussions!

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

Recent Comments

Forum Discussion