Wet Wednesday

It's a drippy and dreary Wednesday where Turd lives and that always seems to place your host in a bit of a foul mood. But we'll soldier on and make the best of it on this slow news day that will be punctuated this afternoon with the release of the minutes from the latest FOMC meeting.

What will those meeting minutes reveal? As we discussed yesterday, you should keep in mind that Jerry's fedlines and press conference were, at the time, considered to be somewhat pleasant. Maybe one more rate hike. Maybe two. But it was all going to depend upon the incoming data.

As you...

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Key Economic Events Week of 7/22

7/23 10:00 ET Existing Home Sales
7/24 9:45 ET S&P July flash PMIs
7/24 10:00 ET New Home Sales
7/25 8:30 ET Q2 GDP first guess
7/25 8:30 ET Durable Goods
7/25 1:30 ET Comex option expiry
7/26 8:30 ET PCE and Core PCE
7/26 8:30 ET Personal Inc and Spend

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