At Least It's Already Tuesday

The new week begins in America and the only good thing about it is that it's already Tuesday.

So, I hope you had a nice weekend. Like you, I tried to step away a little and keep my eyes off the news but that was impossible. I made it to yesterday before reading about Russia and Nordstream and realizing again that we are in for a very interesting week...and month...and remainder of the year...and 2023.

The news of the Nordstream shutdown hit late Friday and, back then, it was blamed on a turbine issue. Yesterday, however, the truth came out and Russia admitted that they...

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Key Economic Events Week of 12/5

12/5 9:45 ET S&P Services PMI
12/5 10:00 ET ISM Services PMI
12/5 10:00 ET Factory Orders
12/7 8:30 ET Productivity
12/7 8:30 ET Unit Labor Costs
12/8 8:30 ET Initial Jobless Claims
12/9 8:30 ET PPI
12/9 10:00 ET UMich inflation exp.

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