Relative Calm

So what to believe today? Was yesterday's "carry trade collapse" a one day event? Is all the concern over a region wide MENA war overdone? Or is it all the volatility going to come roaring back as soon as tomorrow? We can't know the answer so we might as well just enjoy the brief respite that today has brought.

Well, to be fair, it's not as if it has been a quiet and relaxing overnight for the Comex PMs. They appeared to be poised to rally back last evening and price reached to near $2460 and $27.70. But then they remembered that they were highly-manipulated digital derivatives,...

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Key Economic Events Week of 4/28

4/29 9:00 ET Case-Shiller home prices
4/29 10:00 ET Consumer Confidence
4/29 10:00 ET JOLTS
4/30 8:15 ET ADP jobs report
4/30 8:30 ET Q1 GDP first guess
4/30 9:45 ET Chicago PMI
4/30 10:00 ET PCE and Core PCE
5/1 9:45 ET S&P Manu PMI
5/1 10:00 ET ISM Manu PMI
5/2 8:30 ET BLSBS
5/2 10:00 ET Factory Orders

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