Red Friday

As of yesterday, there was some hope of a green close to the week and some momentum into next week's FOMC and BLSBS. As of today, not so much.

The selling of digital metal began in earnest just as the European day began and it has continued into the Comex session, helped along by a persistently high PCE but falling inflation expectations. Square those two things if you can......

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Key Economic Events Week of 11/4

11/4 10:00 ET Factory Orders
11/5 US Election Day
11/5 8:30 ET US trade deficit
11/5 10:00 ET ISM Services PMI
11/6 9:45 ET S&P Services PMI
11/7 8:30 ET Jobless claims
11/7 2:00 ET FOMC Fedlines
11/7 2:30 ET Jerry Powell presser
11/8 10:00 ET November Prelim UMich

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