TFMR "Podcast" - Monday, November 4

It's a written "podcast" today but that's OK as there's not much going on anyway...at least as of this minute. The craziness ramps up quickly tomorrow, however, so let's get ready by checking the charts after what was a somewhat frustrating day in the Comex PMs.

And why was the day so frustrating? Because beginning last evening, we had quite the rally in bonds and a steep drop in the POSX. Normally, this would lead to a sharp rally in the Comex PMs...but, no. Not today. Instead, it was nothing but sideways to down all day and despite nice gains in copper and crude....

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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