A Lot Going On

Today is one of those days where it seems calm on the surface. It's a summer Friday and everyone is thinking abut the weekend. But when we dig a little deeper, there's a lot going on and some of what's happening might have significant implications.

This is not meant to be some sort of dire warning. It's just that the more I read and scroll, the more I find that seems concerning. Let's start with this, for example. Maybe this Swiss Bank failure is just a one-off. No big deal and an isolated event. Maybe. But maybe not....

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Key Economic Events Week of 7/22

7/23 9:45 ET July Flash PMIs
7/23 10:00 ET Existing Home Sales
7/24 10:00 ET New Home Sales
7/25 8:30 ET Q2 GDP first guess
7/25 8:30 ET Durable Goods
7/25 1:30 ET Comex option expiry
7/26 8:30 ET PCE and Core PCE
7/26 8:30 ET Personal Inc and Spend

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