Turd's Blog

The early week has brought some big red candles each of the past two weeks so just seeing some green today brings a sigh of relief. Seeing big green is almost cause for celebration.

So, happy Monday to you. I hope you had a great weekend. Our new week began with the Chinese returning...

Boy, just when you think you've seen it all, even a grizzled old veteran such as myself still has the capacity to be stunned into laughter. I'm not talking about the actual BLSBS data, instead it's the so-called "market" reaction that followed.

Let's start with the BLSBS. In a few...

Like Tuesday, we had another straight down chart on our hands as price fell overnight, nearly uninterrupted in a straight line and in what felt like a predetermined glide path.

Well, that's quite a sentence and not a fun way to start the day. Keep in mind that the Chinese markets are...

It's The Socialist Worker's Holiday! It's also a data dump day. It's also FOMC Fedline day. And it's also the 13th anniversary of the May Day Silver Massacre. That's a lot to cover. Let's get started.

I don't know. I guess we'll begin with the data thus far.

• ADP jobs
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It's an ugly day of selling, which began conspicuously on the afternoon Globex yesterday. But there's a lot of week left...which can be either a good or bad thing.

So welcome to Tuesday where it's ugly across the board:...

Like a blue moon, weeks that include an FOMC meeting and the BLSBS only come around occasionally. This week is one of those occasions. Aren't we lucky?

So, welcome back. I hope you have a nice weekend. It was relatively quiet, for once, with no geopolitical concerns. In fact, the only...

Back on Monday, we were all reminded of the old TFMR adage. Which one? Come on, you know...it's not how you begin the week that matters, it's how you end it...and though the PMs won't crawl back into the green on the week, the shares look poised to do so. Let's see if we can get it done....

Well, here we are. Another Comex option expiration day and it comes with the usual attendant price manipulation volatility. It's also Q1 GDP day and that data was a doozy so come on in and let's try to sort through all that's going on.

Let's start with this because there are always...

The string of downward revisions continues today with the latest durable goods report. Sure, the headline number looks great but the previous month was revised lower. At this point in the election cycle, is there any data series.. .any one. ..that isn't goosed for headlines...

We have an interesting day on our hands today after another sharp dump last evening in early Asian trading. Prices began to recover in London and then, once we got the flash PMIs for April, they surged higher and are now back into the green on the day. This leaves open the possibility of a nice...