Closer

We're getting closer to the low price projections that we've been discussing. Now the question becomes...what if lows are not found at the levels we're watching? That, of course, is a concern.

Today's smash comes via the double-barrel news of an updated Q1 GDP guess and a preliminary look at PCE. Both came in higher than expected: https://www.zerohedge.com/markets/q1-gdp-revised-higher-core-pce-comes-h... ...

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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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