Shutdown Friday

Even more uncertainty enters the picture.

31
Fri, Dec 21, 2018 - 11:50am

Yes, there's a looming US government shutdown but I'm more concerned with a holiday shutdown. It has been a long year and we're all ready for it to be over. So let's get through this day and then go enjoy some holiday time with family and friends.

Let's begin with that US government shutdown. As I type, it appears it will happen. Which is fine! However, it can and will be spun as just more political risk in the US...and this slightly weakens the POSX. The index is back up a little today but that's mainly due to a reaction to Goon Williams. More on that in a minute. In the...

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Key Economic Events Week of 5/20

5/20 7:00 pm ET CGP speech
5/21 10:00 ET Existing Home Sales
5/22 2:00 ET FOMC minutes
5/23 9:45 ET Markit PMIs
5/24 8:30 ET Durable Goods

Key Economic Events Week of 5/13

TWELVE Goon speeches through the week
5/14 8:30 ET Import Price Index
5/15 8:30 ET Retail Sales and Empire State Manu. Idx.
5/15 9:15 ET Cap. Ute. and Ind. Prod.
5/15 10:00 ET Business Inventories
5/16 10:00 ET Housing Starts and Philly Fed
5/17 10:00 ET Consumer Sentiment

Key Economic Events Week of 5/6

5/9 8:30 ET US Trade Deficit
5/9 8:30 ET Producer Price Index (PPI)
5/9 10:00 ET Wholesale Inventories
5/10 8:30 ET Consumer Price Index (CPI)

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