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TFMR Podcast - Tuesday, May 16

48

It was a No-Fun Tuesday as relentless selling pressure brought about that same old, 45-degree down angle for price. How come we never see any day-long, 45-degree up angle patterns?

Well...you know why. For today, it's just another day in the barrel as we wait out The Fed in anticipation of higher prices in the second half of the year. As a reminder...and discussed again in this podcast...in previous years that are analogous to 2023...both 2010 and 2019...prices traded sideways or down into the summer before exploding higher with Fed policy change. Here are reminders with charts...

48 Comments on TFMR Podcast - Tuesday, May 16

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Key Economic Events Week of 6/12

6/13 8:30 ET CPI
6/14 8:30 ET PPI
6/14 2:00 ET FOMC Fedlines
6/14 2:30 ET Jerry presser
6/15 8:30 ET Retail Sales
6/15 8:30 ET Import Prices
6/15 8:30 ET Empire Fed Manu Idx
6/15 8:30 ET Philly Fed Manu Idx
6/15 9:15 ET Cap Ute & Ind Prod
6/15 10:00 ET Business Inventories
6/16 10:00 ET Consumer Sentiment

Forum Discussion

by rem, Jun 9, 2023 - 1:31pm
by argentus maximus, Jun 8, 2023 - 9:16am
by argentus maximus, Jun 6, 2023 - 10:39am
by argentus maximus, Jun 6, 2023 - 10:32am
by AGXIIK, Jun 4, 2023 - 1:51pm