Painting Some Green Candles

If it seems as though it has been a long time since we've had some nice, green candles on the weekly chart, you're not wrong. It has been a long time! But today we hope to break that streak.

We discussed yesterday how the reaction to today's data would determine whether or not we could hold the post-Jerry gains through the weekly close. Well, here's the data in the order it was revealed:

  • The PCE, the Fed's "favorite inflation indicator", remains at the highest level in 40 years
  • ...

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Key Economic Events Week of 8/15

8/15 8:30 ET Empire Fed Manu Idx
8/15 10:50 ET Goon Waller
8/16 8:30 ET Housing Starts
8/16 9:15 ET Cap Ute and Ind Prod
8/17 8:30 ET Retail Sales
8/17 9:30 ET Goon Bowman
8/17 2:00 ET July FOMC minutes
8/18 8:30 ET Philly Fed Manu Idx
8/18 10:00 ET LEIII
8/18 1:20 ET Goon George
8/18 1:45 ET Goon Kashnkari
8/19 9:00 ET Goon Barkin

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