Ruby Tuesday

In a stunning development, prices are falling on Comex option expiration day.

Tue, Mar 26, 2019 - 10:42am

It's truly a Ruby Tuesday as we have red across the board this morning.

And why? Well, the stage was set overnight for a pullback and now it has come with slightly higher US rates and US$, along with a green "stock market". However, we were up $21 following the FOMC last week and now we've given back about 1/3 of that.

But again, why? It's not as if the US economic news has suddenly improved. Today's datapoints had to do with the housing market and they were dismal:

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turd [at] tfmetalsreport [dot] com ()

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Key Economic Events Week of 4/22

4/22 10:00 ET Existing Home Sales
4/23 10:00 ET New Home Sales
4/25 8:30 ET Durable Goods
4/26 8:30 ET Q1 GDP first guess

Key Economic Events Week of 4/15

4/16 9:15 ET Cap Util and Ind Prod
4/17 8:30 ET Trade Deficit (Feb)
4/17 10:00 ET Wholesale Inventories
4/18 8:30 ET Retail Sales (March)
4/18 8:30 ET Philly Fed
4/18 10:00 ET Business Inventories (Feb)
4/19 8:30 ET Housing Starts and Building Permits

Key Economic Events Week of 4/1

4/1 8:30 ET Retail Sales (Feb)
4/1 9:45 ET Markit & ISM Manu PMIs
4/1 10:00 ET Construction Spending (Feb)
4/1 10:00 ET Business Inventories (Jan)
4/2 8:30 ET Durable Goods (Feb)
4/3 9:45 ET Markit & ISM Services PMIs
4/5 8:30 ET BLSBS

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