Stepping Back From The Edge

Oh boy, things got a little dicey overnight and it appeared that we were set for a very interesting and volatile Friday...until...a little leak from Jerry to his buttboy at the WSJ. And now, as if by magic, suddenly everything has stabilized.

Here's a rundown of how crazy things had gotten. At their respective highs and lows:

  • USDJPY was up 1.81 at 151.95
  • POSX was up 99¢ at 113.83
  • S&P futures were down 35 points at 3632
  • The 10-year note was yielding 4.34%
  • Dec22 Comex gold hit a low of $1621

And then...

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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

Forum Discussion

by argentus maximus, 2 hours 30 min ago
by Empire47, 8 hours 22 min ago
by argentus maximus, Feb 2, 2023 - 12:18pm
by argentus maximus, Feb 1, 2023 - 6:09pm
by argentus maximus, Feb 1, 2023 - 5:50pm