May Day

It's The Socialist Worker's Holiday! It's also a data dump day. It's also FOMC Fedline day. And it's also the 13th anniversary of the May Day Silver Massacre. That's a lot to cover. Let's get started.

I don't know. I guess we'll begin with the data thus far.

  • ADP jobs report slightly stronger than expected
  • S&P Manufacturing PMI right at expectations
  • ISM Manufacturing PMI below expectations and back under 50
  • JOLTS job openings less than expected

How have these impacted the charts? Let's start with bond yields....

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Key Economic Events Week of 6/10

6/12 8:30 ET CPI and Core CPI
6/12 2:00 ET FOMC Fedlines
6/12 2:30 ET Jerry's presser
6/13 8:30 ET PPI and Core PPI
6/14 8:00 ET Some Random Goon
6/14 10:00 ET Prelim UMich

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