Dog Tired

The lazy, hazy summer doldrums can be exhausting and we've certainly experienced it all this week. No matter the news, the PMs have been driven lower, particularly during Comex hours. So let's begin to wrap this week up in the expectation of taking a few days off and then, perhaps, doing a little better next week.

Let's start with today's data...the latest update on producer prices in the US. It came in slightly hotter than expected. However, that was only due to a huge jump in the cost of "money management services". Seriously. Without that item, the number would have been right...

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Key Economic Events Week of 7/15

7/15 8:30 ET Empire Fed
7/15 12:00 ET Chief Goon Powell
7/16 8:30 ET Retail Sales
7/16 8:30 ET Import Price Index
7/16 10:00 ET Business Inventories
7/17 8:30 ET Housing Starts
7/17 9:00 ET Goon Barkin
7/17 9:15 ET Cap Ute & Ind Prod
7/17 9:35 ET Goon Waller
7/17 2:00 ET Beige Book
7/18 8:30 ET Philly Fed
7/18 10:00 ET LEIII
7/18 1:45 ET Goon Logan
7/19 10:40 ET Goon Williams
7/19 1:00 ET Goon Bostic

Forum Discussion

by argentus maximus, Jul 15, 2024 - 8:39pm
by 1980build, Jul 12, 2024 - 9:07am
by Wise-in-the-Ways-of-Science, Jul 9, 2024 - 3:57pm
randomness