Not Your Regular Thursday

Our No Fun Zone week continues.

50
Thu, Jan 24, 2019 - 7:55am

An odyssey begins today but not without first a post with a few updated charts.

The idea of a "No Fun Zone" week has certainly played out as prices have mostly gone sideways. The lack of news and economic datapoints have combined to starve the algos of headlines to devour. Thus, we're left with a lot of sideways action and, of course, the usual Bank interventions like the NEEEE Rule.

As you can see, it's a pretty tight range for both CDG and CDS with the only real volume coming during the NEEEE washout that preceded yesterday's open.

And the blatant suppression...

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Key Economic Events Week of 2/11

2/12 12:45 ET GCP speaks
2/13 8:30 ET CPI and three Goon speeches
2/14 8:30 ET Retail Sales (December)
2/14 8:30 ET PPI
2/15 8:30 ET Import Price Index
2/15 9:15 ET Cap. Util. & Ind. Prod.

Key Economic Events Week of 2/4

2/5 8:30 ET Trade Balance
2/5 9:45 ET Service PMIs
2/5 9:00 pm ET Trump SOTU
2/6 8:30 ET Productivity and Unit Labor Costs
2/6 7:00 pm ET CGP speech
2/7 9:30 ET Goon Clarida speech
2/8 10:00 ET Wholesale Inventories

Key Economic Events Week of 1/28

1/29 10:00 ET Consumer Confidence
1/30 8:30 ET Q4 GDP first guess
1/30 2:00 ET FOMC fedlines
1/30 2:30 ET CGP presser
1/31 8:30 ET Personal Inc, Cons. Spending and Core Inflation
1/31 9:45 ET Chicago PMI
2/1 8:30 ET BLSBS
2/1 9:45 ET Markit Manu PMI
2/1 10:00 ET ISM Manu Index
2/1 10:00 ET Construction Spending

randomness