Spec Flush

Since the publication of the macrocast back in early January, we've warned that the first half of 2023 was likely to bring several false starts that would be designed to leave you "wrong-footed" and dismayed ahead of the actual breakout and rally to come in the second half of the year. We are now in the middle of False Start #3.

As a recap, the first false start came in early February, the second came in mid-April and now the third is ongoing. I had hoped that it wouldn't be this sharp or surprising but even I missed the warnings of this one, having been too obsessed with the...

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Key Economic Events Week of 5/29

5/30 9:00 ET Case-Shiller home prices
5/30 10:00 ET Consumer Confidence
5/30 1:00 ET Goon Barkin
5/31 8:15 ET ADP jobs report
5/31 10:00 ET JOLTS
5/31 12:30 ET Goon Harker
6/1 8:30 ET Productivity & Unit Labor
6/1 9:45 ET S&P Manu PMI
6/1 10:00 ET ISM Manu PMI
6/2 8:30 ET BLSBS

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