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TFMR Podcast - Thursday, June 29


The day began with a ridiculous jump in the final estimate of Q1 GDP. No one in the financial world seemed to question the 50% increase (from 1.3% to 2.0%!) and this allowed for a massive selloff in bonds and the Comex precious metals.

As the day progressed, the bond market continued to dump but at least the Comex PMs were able to bounce back a little while the GDX was actually green and up 1.5%. Is this a sign of a bottom and impending shift in trend? Maybe. Let's get through tomorrow and then next week first. Once we get next Friday's BLSBS behind us, we'll be...

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Key Economic Events Week of 12/4

12/4 10:00 ET Factory Orders
12/5 9:45 ET S&P Services PMI
12/5 10:00 ET ISM Services PMI
12/5 10:00 ET JOLTS
12/6 8:15 ET ADP jobs report
12/6 8:30 ET US Productivity
12/7 8:30 ET Initial jobless claims
12/7 10:00 ET Wholesale inventories
12/8 8:30 ET BLSBS
12/8 10:00 ET Prelim UMich Dec.

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