Through The Grinder

This short week was certainly volatile.

27
Fri, Feb 22, 2019 - 10:49am

Holy cow! Does it not feel like we've been put through the Comex meat grinder this week? But, at the end of the week, here we are with green candles!

And today is working out just as we forecast it would in Thursday's podcast. Yesterday's selling had been overdone and it was likely that we'd bounce back a little overnight and on Comex....and here we are. With lasts of $1332 and $15.88, both Comex metals are now up on the week and, in the end, that's all we can hope for as we ratchet higher in 2019.

There's not much in the way of economic datapoints today but, as we've...

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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)

Key Economic Events Week of 4/29

4/29 8:30 ET Pers Inc, Cons Spend, Core Infl
4/30 8:30 ET Employment Costs
4/30 9:45 ET Chicago PMI
5/1 8:15 ET ADP jobs report
5/1 9:45 & 10:00 ET Markit and ISM Manu PMIs
5/1 10:00 ET Construction Spending
5/1 2:00 ET FOMC Fedlines
5/1 2:30 ET CGP presser
5/2 8:30 ET Productivity and Unit Labor Costs
5/2 10:00 ET Factory Orders
5/3 8:30 ET BLSBS
5/3 9:45 & 10:00 ET Markit and ISMServices PMIs

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