More Than Expected

Three steps forward...

33
Thu, Mar 14, 2019 - 10:53am

In yesterday's podcast, we discussed the likelihood and necessity of a short term pullback ahead of next week's FOMC. Well here we are. We weren't expecting $15, however, but I guess that's not surprising, either, given the massive increase in open interest this past week.

And The Banks added another 3,400 contracts yesterday, bringing their six-day addition to over 63,000. As we discussed last week and again yesterday, it's likely that a portion of this is massive spread trades being placed. (Recall the 25,000 contract surge one day last week when prices were flat.) However,...

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Key Economic Events Week of 10/14

10/15 8:30 ET Empire State Fed MI
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Key Economic Events Week of 9/30

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10/2 8:15 ET ADP jobs report
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Key Economic Events Week of 9/23

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Key Economic Events Week of 9/16

9/17 9:15 ET Cap Ute & Ind Prod
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9/19 10:00 ET Existing Home Sales

Key Economic Events Week of 9/9

9/10 10:00 ET Job openings
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Key Economic Events Week of 9/3

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Key Economic Events Week of 8/26

8/26 8:30 ET Durable Goods
8/27 9:00 ET Case-Shiller Home Price Idx
8/27 10:00 ET Consumer Confidence
8/29 8:30 ET Q2 GDP 2nd guess
8/29 8:30 ET Advance Trade in Goods
8/30 8:30 ET Pers. Inc. and Cons. Spend.
8/30 8:30 ET Core Inflation
8/30 9:45 ET Chicago PMI

Key Economic Events Week of 8/19

8/21 10:00 ET Existing home sales
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Key Economic Events Week of 8/12

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8/14 10:00 ET Business Inventories
8/15 8:30 ET Housing Starts & Bldg Permits

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