2019 Comes Into Focus

CGP's capitulation sets the stage.

30
Thu, Nov 29, 2018 - 11:08am

Let's start by thanking everyone again for your patience and understanding with my schedule yesterday. MamaFerg is now safely moved to her new home and all is well, except for my aching back and shoulders. It was a thoroughly busy day and I didn't return to Turdfork until about 10:00 pm...which was far too late for a podcast.

But yesterday was certainly noteworthy. As we've been discussing for the past several months, the notion that the Fed would keep tightening through 2019 was increasingly painting CGP into a corner and yesterday the old fellow blinked. Yes, there will still...

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1/15 8:30 am ET Producer Price Index
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