Goon Barrage

With just two weeks left before the July FOMC...and, critically, just one week left before the mandated "quiet period" that precedes it...we are going to be barraged with Fed Goons this week as each one scrambles for a microphone and the media adulation that comes with it.

Again, I'm old enough to remember when it wasn't this way. Back in the day, the only time you ever saw or heard from a Fed official was the two times per year that Mr. Andrea Mitchell would drag his sorry, old ass up to Capitol Hill for the semi-annual Hump-Hawk "testimony". Old Al would mumble and bumble and...

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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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