Crosscurrents

Since early January, how many times have you've heard me state in interviews that the first half of this year is going to be very challenging? The markets, the data and the media are going to be giving such differing opinions at times that it will be very easy to get shaken off and caught wrong-footed. Today is an excellent example of what I've been trying to warn you about.

So, where do we start? We might as well begin with the PPI. It came in "hotter" than expected with a 0.7% increase month-over-month:...

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Key Economic Events Week of 5/20

5/20 9:00 ET Goon Waller
5/20 10:30 ET Goon Jefferson
5/21 9:00 ET Goon Waller again
5/21 11:45 ET Vice Goon Barr
5/22 10:00 ET Existing home sales
5/22 2:00 ET May FOMC minutes
5/23 8:30 ET Jobless claims
5/23 9:45 ET Flash PMIs for May
5/23 10:00 ET New home sales
5/23 3:00 ET Goon Bostic
5/24 8:30 ET Durable Goods
5/24 9:35 ET Goon Waller again
5/24 10:00 ET Umich final

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