The Looming

It appears more likely each day that our Crash Watch will become a Crash Warning. Though it's not a certainty just yet, things are definitely getting more dicey. But don't worry. I'm sure your Monetary Masters at The Fed have it all under control. They're omnipotent demigods, after all.

And it's all moving pretty fast this morning. Not only is the stonk market teetering on the edge of a sharp drop back to the June lows, just about everything else is, too. The only news that might shift the momentum is the UMich economic and inflation expectations that are due out any minute now....

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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
2/1 8:15 ET ADP jobs report
2/1 9:45 ET S&P Manu PMI
2/1 10:00 ET ISM Manu PMI
2/1 10:00 ET JOLTS
2/1 2:00 ET FOMC Fedlines
2/1 2:30 ET Chief Goon Powell
2/2 8:15 ET ECB rate decision
2/2 8:30 ET Productivity & Labor Costs
2/2 10:00 ET Factory Orders
2/3 8:30 ET BLSBS
2/3 9:45 ET S&P Services PMI
2/3 10:00 ET ISM Services PMI

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