Mother Fellen's "Fedlines" came in almost exactly as predicted here yesterday, full of jawboning and using nearly the same exact language that we anticipated. However, this is likely just Step One of the latest Spec wash-and-rinse cycle so be prepared for more downside, perhaps as soon as the re-open of Comex trading in the morning.
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Key Economic Events Week of 5/20
5/20 7:00 pm ET CGP speech
5/21 10:00 ET Existing Home Sales
5/22 2:00 ET FOMC minutes
5/23 9:45 ET Markit PMIs
5/24 8:30 ET Durable Goods
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)