Red Tuesday

The commodity sector began taking a beating earlier today when China reopened after its "Golden Week" holiday. The PMs played along and were smashed lower last evening, only to recover through the London session. It looked like things might turn out OK....but then the Comex opened.

And by now, you probably know what happened next. It hardly matters that the OPSX is down 10¢ and battling resistance at 102.50. Nope. Comex opened and down we went....

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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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