Some Pre-Powell Thoughts

What will the LIESman Shiny Head Index soar to today?

There's not much to add this morning as the remainder of this week will center around Chief Goon Powell and his Fedlines this afternoon.

As we've discussed for weeks, there is ZERO chance of a fed funds rate hike this afternoon and all of the action will center around the verbiage of the Fedlines and Powell's press conference. What will he say about the course of future "policy"? What about QT? Etc, etc, blah, blah, blah.

(And if you're not familiar with the LIESman Shiny Head Index, you can read more about it here: ...

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Key Economic Events Week of 5/13

5/13 9:00 ET Goons Jefferson and Mester
5/14 8:30 ET PPI and Core PPI
5/14 9:10 ET Goon Cook
5/14 10:00 ET Chief Goon Powell
5/15 8:30 ET CPI and Core CPI
5/15 8:30 ET Retail Sales
5/15 8:30 ET Empire Fed
5/15 10:00 ET Business Inventories
5/15 12:00 ET Goon Kash-n-kari
5/16 8:30 ET Philly Fed
5/16 8:30 ET Housing Starts
5/16 8:30 ET Import Price Index
5/16 9:15 ET Cap Ute & Ind Prod
5/16 12:00 ET Goon Mester
5/16 1:00 ET Goon Williams
5/17 10:00 ET LEIII
5/17 10:15 ET Goon Waller

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