Traders Get No Respite From Data During Fed Week

The June FOMC meeting isn't the only notable event on the docket this week, although it'll certainly feel like it. Markets will cringe at what's almost sure to be another scorching-hot PPI report out of the US on Tuesday. If recent PMI anecdotes are any indication, input cost pressures remain acute and that'll be reflected in factory-gate prices. Additional evidence of pipeline inflation is the last thing nervous investors need. The figure (below) underscores how far afield we are. As a re

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2 thoughts on “Traders Get No Respite From Data During Fed Week”

Feels like this could be a make (bounce) or break (capitulation/something breaks) sort of week with all the events and releases. Even if we make it to Friday, we still must face the quad witch and cross that bridge. Let’s all bone up on what our favorite colors are, just in case.

H-Man, As I type the 2 year is 3.18 and the 10 is 3.19. If the 2 holds at this rate, the 10 is a candidate for 3.50 to 3.75 and maybe 4. Plug that into the market, and being long equities is a fool’s errand.