The Pullback Continueth

Even when you know it's coming, it's always frustrating to watch play out.

46
Thu, Feb 7, 2019 - 10:56am

A quick scan of the homepage reveals multiple references late last week to an impending pullback. And here we are. However, the Chinese New Year holiday ends soon and multiple technical signals are providing support in the short-term so perhaps this current decline has nearly run its course.

So, can we simply navigate our way through tomorrow without any more appreciable damage? I think hope so. The return of China next week, along with a full slate of data including CPI, PPI and retail sales, should may be enough to allow things to stabilize and begin moving forward again....

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Key Economic Events Week of 8/19

8/21 10:00 ET Existing home sales
8/21 2:00 ET July FOMC minutes
8/22 9:45 ET Markit Manu and Svc PMIs
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8/23 10:00 ET Chief Goon Powell speaks

Key Economic Events Week of 8/12

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8/14 8:30 ET Productivity & Labor Costs
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Key Economic Events Week of 7/29

7/30 8:30 ET Personal Inc/Spending & Core Inflation
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7/31 8:15 ET ADP employment
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7/26 8:30 ET Q2 GDP first guess

Key Economic Events Week of 7/15

7/15 8:30 ET Empire State Fed Index
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7/16 9:15 ET Cap Ute and Ind Prod
7/16 10:00 ET Business Inventories
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7/18 8:30 ET Philly Fed
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Key Economic Events Week of 7/8

7/9 8:45 ET Fed Stress Conference, three Goon speeches
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6/19 2:30 ET CGP presser
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