POSX Express

The POSX is a runaway train that appears ready to crush everything in its path on its way to new multi-decade highs. That "the markets" have so far survived its advance is somewhat astonishing but for how much longer?

You guessed it...the POSX is up again today. Another half point to 110.71 and a new 20+ year high.

And it bears repeating...Yes...

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Key Economic Events Week of 1/30

1/31 8:30 ET Employment Costs
1/31 9:00 ET Case-Shiller Home Prices
1/31 10:00 ET Consumer Confidence
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2/1 9:45 ET S&P Manu PMI
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2/1 2:30 ET Chief Goon Powell
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2/2 8:30 ET Productivity & Labor Costs
2/2 10:00 ET Factory Orders
2/3 8:30 ET BLSBS
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2/3 10:00 ET ISM Services PMI

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