Garbage In, Garbage Out

Just when you think you've seen it all, the BLSBS surprises to the downside and then brings with it some massive downward revisions to September and August. But of course, none of that can keep the POSX down so now, an hour later, both Comex PMs are struggling to hold on to their gains.

Let's start with the BLSBS because it was a doozy. Here are the headline numbers. Just 12,000 new "jobs" but, if you took away government hiring, private payrolls were so bad that the headline number would have been negative!...

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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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