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TFMR Podcast - Monday, July 17


The Comex day began poorly but ended well as the POSX couldn't mount any sort of sustained rally and the bond market rallied back, too. Tomorrow will bring the latest update on retail sales so expect some volatility but be sure to keep your eye on that POSX.

Just the fact that the POSX could fall nearly 4% in six trading days...and then not be able to bounce at all...is noteworthy. However and as we discuss today, the next 24 hours may hold the clue as to whether more downside may come in later this week. So watch that POSX and then wait to see what kind of reaction we get in the...

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Key Economic Events Week of 7/15

7/15 8:30 ET Empire Fed
7/15 12:00 ET Chief Goon Powell
7/16 8:30 ET Retail Sales
7/16 8:30 ET Import Price Index
7/16 10:00 ET Business Inventories
7/17 8:30 ET Housing Starts
7/17 9:00 ET Goon Barkin
7/17 9:15 ET Cap Ute & Ind Prod
7/17 9:35 ET Goon Waller
7/17 2:00 ET Beige Book
7/18 8:30 ET Philly Fed
7/18 10:00 ET LEIII
7/18 1:45 ET Goon Logan
7/19 10:40 ET Goon Williams
7/19 1:00 ET Goon Bostic

Forum Discussion

by argentus maximus, Jul 15, 2024 - 8:39pm
by 1980build, Jul 12, 2024 - 9:07am
by Wise-in-the-Ways-of-Science, Jul 9, 2024 - 3:57pm