Day By Day

The Comex PMs are up a little again today and that's really all we can ask for as a bottom/low is trying to be painted for both metals. Of course all of this can be negated in the aftermath of the BLSBS tomorrow but, for today, at least we're enjoying some more green screens.

The primary economic news of the day came in two waves. First came the ADP jobs number which was "better than expected". Big shock there. But then came the latest productivity and unit labor cost numbers and these were interesting. Note that worker productivity continues to decline while labor costs continue...

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Key Economic Events Week of 4/22

4/23 9:45 ET S&P flash PMIs
4/23 10:00 ET New home sales
4/24 8:30 ET Durable Goods
4/25 8:30 ET Q1 GDP first guess
4/25 10:00 ET Pending home sales
4/26 8:30 ET PCE and Core PCE
4/26 8:30 ET Personal Inc & Spend
4/26 10:00 ET April UMich

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