The Quiet Day

Isn't it nice? At least so far, nothing is happening. There are no Goons and there are no datapoints. Just a quiet day and maybe time to catch a breath.

But, you never know what headlines lurk. Maybe some unexpected chaos. But, for now, it's all quiet and trading is light.

We had the usual trade overnight where CDS peaked in Asia, was worked lower through London and then bottomed in the few hour on Comex. Thankfully, this recent pattern has been followed by subsequent rallies on Comex, too, and that appears to be happening yet again today....

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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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