Same Old, Same Old

Last week, all the hubbub was about the widening spreads of spot versus the Feb25 CDG. I took time on Friday to explain why the spread would soon collapse and now here we are. As is almost always the case in the PMs, the key now will be in what happens next.

What has been driving the spreads and what happens next is the gist of my podcast with Andy...recorded yesterday and posted tomorrow. The spread between spot and Feb25 was almost guaranteed to collapse this week with "expiration" of the contract looming next week. But, as pointed out in yesterday's podcast, now we begin to...

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Key Economic Events Week of 2/10

2/11 10:00 ET Jerry Powell Hump-Hawk
2/11 3:30 ET Goon Williams
2/12 8:30 ET CPI and Core CPI
2/12 10:00 ET Jerry Powell Hump-Hawk
2/12 2:00 ET Goon Bostic
2/12 2:00 ET Monthly Treasury Statement
2/12 3:30 ET Goon Williams again
2/13 8:30 ET PPI and Core PPI
2/14 8:30 ET Retail Sales
2/14 9:15 ET Cap Ute & Ind Prod
2/14 10:00 ET Wholesale Inventories
2/14 3:00 ET Goon Logan

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