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 11/27

11/27 10:00 ET New Home Sales
11/28 9:00 ET Case-Shiller home prices
11/28 10:00 ET Consumer Confidence
11/28 10:00 ET Goon Waller
11/28 10:00 ET Goon Ghoulsbee
11/28 10:45 ET Goon Bowman
11/29 8:30 ET Q3 GDP second guess
11/29 1:45 ET Goon Mester
11/29 2:00 ET Beige Book
11/30 8:30 ET PCE and Core PCE
11/30 8:30 ET Personal Inc and Spend
11/30 9:05 ET Goon Williams
11/30 9:45 ET Chicago PMI
12/1 9:45 ET S&P Manu PMI
12/1 10:00 ET ISM Manu PMI
12/1 10:00 ET Goon Ghoulsbee
12/1 11:00 ET Chief Goon Powell

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