Bouncy Thursday

After yesterday's pullback, I figured that today would be an interesting day. Would prices bounce or would the selling continue? So far, we've gotten a bounce but there's still a lot of day left so let's not get ahead of ourselves.

To wit, in a while we get the flash PMIs for October from S&P. If these come in hotter that expectations, the POSX will rally, bonds will sell off and this will lead to selling in the PMs. For now, though, rates are lower and the POSX is down, too, which leaves CDG up $25 and CDS up 50¢ as I type.

So what else is going on? The U.S....

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Key Economic Events Week of 11/11

11/11 US bond market closed
11/12 10:00 ET Goon Waller
11/12 10:15 ET Goon Barkin
11/13 8:30 ET CPI and Core CPI
11/13 9:45 ET Goon Logan
11/13 2:00 ET US monthly deficit
11/14 8:30 ET PPI and Core PPI
11/14 3:00 ET Chief Goon Powell
11/15 8:30 ET Retail Sales
11/15 8:30 ET Empire Fed Manu Idx
11/15 9:15 ET Cap Ute & Ind Prod
11/15 10:00 ET Business Inventories
11/15 1:15 ET Goon Williams

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