A Green Morning

For the first time all week, commodity prices are in the green this morning after a mostly-tame CPI report and a surge in initial jobless claims. So as we go through the day, and again await any MENA war action, the question is whether or not things can stay in the green.

So we might as well begin with the economic data. That mostly-tame CPI was actually a tick above expectations but not so much that it freaked out the bond market. https://www.cnbc.com/2024/10/10/cpi-inflation-september-2024.html ...

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Key Economic Events Week of 11/18

11/19 8:30 ET Housing Starts
11/19 12:25 ET Goon Ghoulsbee
11/20 11:00 ET Goon Cook
11/20 12:15 ET Goon Bowman
11/21 8:30 ET Jobless Claims
11/21 8:30 ET Philly Fed
11/21 10:00 ET Home Sales
11/21 10:00 ET LEIII
11/22 9:45 ET S&P flash PMIs
11/22 10:00 ET UMich final

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