Broader Money Relevance / Macro Events / FracturingA shortened Holiday Week's Macro Data Sets will provide further
information as to the "Inflation" Trade.
The Federal Reserve most closely follows PCE Data.
Wednesday will provide Direction
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Macro Data Events Week of November 22, 2021
Monday:
10:00 Existing Home Sales (MoM) (Oct)
* 3/6 Bill & 2/5 Note Auctions.
Tuesday:
08:55 Redbook (MoM) / (YoY)
09:45 Manufacturing PMI (Nov)
09:45 Services PMI (Nov)
10:00 Richmond Manufacturing Index (Nov)
Wednesday:
07:00 MBA Mortgage Applications (WoW)
07:00 MBA Purchase Index
07:00 Mortgage Market Index
07:00 Mortgage Refinance Index
08:30 Continuing Jobless Claims
08:30 Core Durable Goods Orders (MoM) (Oct)
08:30 Core PCE Prices (Q3)
08:30 Corporate Profits (QoQ) (Q3)
08:30 Durable Goods Orders (MoM) (Oct)
08:30 Durables Excluding Defense (MoM) (Oct)
08:30 GDP (QoQ) (Q3)
08:30 GDP Price Index (QoQ) (Q3)
08:30 GDP Sales (Q3)
08:30 Goods Orders Non Defense Ex Air (MoM) (Oct)
08:30 Goods Trade Balance (Oct)
08:30 Initial Jobless Claims
08:30 Jobless Claims 4-Week Avg.
08:30 PCE Prices (Q3)
08:30 Real Consumer Spending (Q3)
08:30 Retail Inventories Ex Auto (Oct)
08:30 Wholesale Inventories (MoM)
09:30 MPC Member Tenreyro Speaks
10:00 Core PCE Price Index (YoY) (Oct)
10:00 Core PCE Price Index (MoM) (Oct)
10:00 Michigan 5-Year Inflation Expectations (Nov)
10:00 Michigan Consumer Expectations (Nov)
10:00 Michigan Consumer Sentiment (Nov)
10:00 Michigan Inflation Expectations (Nov)
10:00 New Home Sales (MoM) (Oct)
10:00 ***** PCE Price index (YoY) (Oct) *****
10:00 ***** PCE price index (MoM) (Oct) *****
10:00 Personal Income (MoM) (Oct)
10:00 Personal Spending (MoM) (Oct)
10:00 Real Personal Consumption (MoM) (Oct)
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Violent Price Action Potential
M1V trade ideas
M1 - Velocity continues deterioratingAs BR & VG maintain a healthy prop under the Equities Complex....
Real activity outside of the "Markets" is grinding to a decided halt.
Uncertainty has gained a foothold and it is not going to reverse in
the near future.
The spectacle in chasing Price, big greens bars... is merely a trade.
It is not an investment, those days are long gone as the Fundamentals
of our Economy have collapsed.
The prop can buy time, but that is limited as well as Risk Factors only
continue to compound.
They are everywhere and well ignored by speculators and gamblers
alike.
Behaviors are symptomatic of far greater ills within our Culture, which
had devolved to into a myriad of untoward circumstances.
Patterns repeat.
We are witnessing the transfer of wealth on a scale unseen in Human
History. It is truly disturbing.
The panic Sell can only be prolonged for a finite time.
When Price cuts loose to the downside, most will Hold as the indoctrination
of FED Policy and BTD is what plays.
Until it does not.
M1 - Oops, Collapse - LARGE SELL is days to a week away.Although WARNINGS abound - the emotional's wed to their beliefs
in Potential Short Squeeze(s)... the FED, Their charts, The sympatico
Herd, Confirmation Bias.
"Hoping" for Hope.
Ignoring the Signs.
It ends badly. Catalyst? Could be anything, FOMC, CHINA, DX/BONDS.
The footprints are observable.
M2 never declines, it is the Velocity which matters.
It's heading to 0 and below.
We are in a Large SELL - ES YM RTY NQ TQQQ TSLA ARKK
We are in a staggered Inverse BID - VXX SEPVIX SOXS SQQQ
We are holding for a 200sma Correction