Easing Into The Weekend

What a crazy week. It began quietly as everyone awaited the US latest inflation data. It then got volatile for two days and, now that the weekly close is drawing near, we're back to the quiet, low volume trade that is typical of a summer Friday.

And that's fine, actually. A day or two to consolidate the gains of Wednesday and Thursday is what you'd expect to happen. It's not as if the news flow has changed and we are set to paint some very nice weekly candles at this point.

Let's start with the POSX. After falling nearly FOUR POINTS in just SIX DAYS, it has finally...

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Key Economic Events Week of 12/11

12/12 8:30 ET CPI and Core CPI
12/12 2:00 ET US federal budget
12/13 8:30 ET PPI and Core PPI
12/13 2:00 ET FOMC Fedlines
12/13 2:30 ET Jerry's presser
12/14 8:30 ET Retail Sales
12/14 10:00 ET Business Inventories
12/15 8:30 ET Empire Fed
12/15 9:15 ET Cap Ute and Ind Prod

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