Today s Market View - Galantas Gold and more
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Labor Department Issues Unemployment Insurance Weekly Claims for Week Ending Jan 5
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on wednesday, durable goods for the month of july. and thursday, weekly claims, and the revision for the q2 gdp. we have now seen two negative quarters. we might see a pretty significant revision, regardless of whether it s revised up or whether it remains negative, you better believe on thursday, we better be talking about a recession, that s going to reignite the conversations. that said i m going to be watching friday, the inflation report, the preferred inflation gauge, broader than cpi. i think we ll see pretty sharp declines in inflation. however, i think july was just a really interesting month because we saw those declines in energy. when i asked diane swamp, the chief economist of kpmg what she s going to be watching, she said she too is going to be watching friday but she s going to be watching the jackson hole conference. we re going to hear from fed chairman jay powell, she will be there, but she says she s going to be watching for language, tone, she expects chairman powel