Above Expectations

As you may recall, I often play a mind game in the morning. Given the circumstances of the day before and how things looked before I called it a day, I'll get a number in my mind for CDG so that I'm not too depressed at first glance. After the response to the FOMC minutes yesterday, I was concerned that I'd wake up today to some nasty downside.

Instead, and to my great surprise, things are OK. Not great, obviously, but OK and certainly not down $30, either....at least not yet.

Let's start with the bond market where rates are UP yet again with the yield on the 10-year...

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Key Economic Events Week of 6/24

6/24 8:30 ET Goon Ghoulsbee
6/24 2:00 ET Goon Daly
6/25 7:00 ET Goon Bowman
6/25 9:00 ET Case-Shiller home prices
6/25 10:00 ET Consumer Confidence
6/25 12:00 ET Goon Cook
6/25 1:30 ET Comex option expirations
6/26 10:00 ET New home sales
6/27 8:30 ET Q1 GDP final guess
6/27 8:30 ET Durable Goods
6/28 8:30 ET PCE and Core PCE
6/28 8:30 ET Personal Inc and Spend
6/28 9:45 ET Chicago PMI
6/28 10:00 ET UMich final
6/28 12:00 ET Goon Bowman again

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