Inflation Week

Here we go with a new week. Pending are the latest inflation numbers as well as an update on US retail sales. Also pending...who knows? So let's just take it day by day and see where we are by Friday.

I hope you had a relaxing weekend with the knowledge that not only did gold extend from its all-time highs on Friday, the 1st, it extended by almost a full $100. My concern as last week began was that The Banks might come for us as they did in early December but it appears that the intervening 90 days allowed them time to get their books in order. Here's one more look at last week....

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Key Economic Events Week of 12/16

12/16 8:30 ET Empire Fed
12/16 9:45 ET S&P flash PMIs
12/17 8:30 ET Retail Sales
12/17 9:15 ET Cap Ute & Ind Prod
12/18 8:30 ET Housing Starts
12/18 2:00 ET FOMC Fedlines
12/18 2:30 ET Jerry presser
12/19 8:30 ET Jobless Claims
12/19 8:30 ET Q3 GDP final guess
12/19 8:30 ET Philly Fed
12/19 10:00 ET LEIII
12/20 8:30 ET PCE and Core PCE
12/20 8:30 ET Personal Inc & Spend
12/20 10:00 ET UMich Dec sentiment

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