Just like we hoped, another nowhere day w/ stocks! Good morning before Turkey Day and what's neat about yesterday's flat outcome was it came after a "bullish positive reversal" --er, it went down and then up. Futures got metals up +0.49% and indexes +0.19%. Here's the full econ report scoreboard for today (--actually for the week as after today Friday is just a 1/2 day of trade):
7:00 AM | MBA Mortgage Index | -3.20% | |
8:30 AM | Initial Claims | - | |
8:30 AM | Continuing Claims | - | |
8:30 AM | Personal Income | - | |
8:30 AM | Personal Spending | - | |
8:30 AM | PCE Prices - Core | - | |
8:30 AM | Durable Orders | - | |
8:30 AM | Durable Goods -ex transportation | - | |
9:00 AM | FHFA Housing Price Index | - | |
10:00 AM | Michigan Sentiment - Final | - | |
10:00 AM | New Home Sales | - | |
10:30 AM | Crude Inventories | - | |
12:00 PM | Natural Gas Inventories | - |
My expectations are for lots of new news after the pundits post their 'reasons' for what comes out...
There lies,
then then there are damned lies,
but worst of all,
there is statistics. For they turn the truth into lies.