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TFMR Podcast - Tuesday, October 26

70

It was deja vu all over again today with price action that closely resembled last Friday, all the way down to the printed CDG low of $1784. So now what comes next? Will price recover on Wednesday the way it did on Monday? We'll see about that and the 8:30 am ET durable goods report will have an impact.

If anything, though, it is worth stating again that today's low in Dec21 CDG was almost identical to the low on Friday. Will this level...and $24 CDS...continue to hold for the remainder of the week? That will depend in many factors, most importantly the reaction to tomorrow's data...

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Key Economic Events Week of 5/23

5/23 12:00 ET Goon Bostic
5/24 9:45 ET Markit Flash PMIs May
5/24 10:00 ET New home sales
5/25 8:30 ET Durable Goods
5/25 2:00 ET May FOMC minutes
5/26 8:30 ET Q1 GDP 2nd guess
5/27 8:30 ET PCE and Core PCE
5/27 8:30 ET Personal Inc and Spending
5/27 10:00 ET UMich 5-yr Inflation Exp.

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