Economic Collapse

[basserdan]

Today's Economic Calendar
8:30 Retail Sales
9:15 Industrial Production
9:15 Fed's Harker: “Healthcare as an Economic Driver”
10:00 Business Inventories
10:00 NAHB Housing Market Index
2:00 PM Jerome Powell Speech
2:30 PM Fed's Mester: “Inflation and Monetary Policy: Parallels to and Differences from the 1970s”
6:45 PM Fed's Evans: Monetary Policy

Today's Markets
In Asia, Japan +0.4%. Hong Kong +3.3%. China +0.7%. India +2.5%.
In Europe, at midday, London +0.9%. Paris +1.4%. Frankfurt +1.5%.
Futures at 6:20, Dow +1.6%. S&P +1.9%. Nasdaq +2.3%. Crude +0.5% to $114.79. Gold +0.7% to $1826.10. Bitcoin +2.4% to $30,503.
Ten-year Treasury Yield +4 bps to 2.92%






The carnage in crypto has hurt
And morons are losing their shirt
It's just getting started
The wise have departed
These coins hold their value like dirt

-The Limerick King