No Jolts Today

On multiple occasions earlier this year, the months JOLTS jobs data has been used to spark a price rally. With both CDG and CDS in sharply oversold territory, I had hoped that today's JOLTS data would have the same effect. Nope. Not today.

And that's fine with me as I was not able to place any trades ahead of the data anyway. Additionally, I'd like to see prices remain down today so that we get a more accurate picture in this week's CoT report. So, whatever. It is what it is. I still expect a sharp squeeze at some point soon....

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Key Economic Events Week of 12/4

12/4 10:00 ET Factory Orders
12/5 9:45 ET S&P Services PMI
12/5 10:00 ET ISM Services PMI
12/5 10:00 ET JOLTS
12/6 8:15 ET ADP jobs report
12/6 8:30 ET US Productivity
12/7 8:30 ET Initial jobless claims
12/7 10:00 ET Wholesale inventories
12/8 8:30 ET BLSBS
12/8 10:00 ET Prelim UMich Dec.

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