Sunday Feb. 25th Weekly Outlook
My Weekly Plan
Last Week:
First red week in 5 weeks!! Took a loss on the TLT 2/23 95C for -12k.
Challenge Account is at 65k from 6k start.
Data this week: Summary and Comments Below
M: 2 and 5Y auction, New Home Sales, Building Permits
T: 7Y auction, Durable Goods Orders, Consumer Confidence
W: GDP Q4 revised, Fed Speakers
TH: PCE, Jobs Data, PMI, Fed Speakers
F: PMI, Prices, and Fed speakers
Comments:
Another heavy week of fed speakers while we get auctions early in the week. I continue to be bullish on Treasuries this week and think the auctions will go very well. I would like to see durable goods orders and consumer confidence come in weaker than expected.
PCE- Forecasts are showing that I am thinking….YoY will continue to trend down, but MoM is gunna come in a little hotter. That is what my consensus is…Inflation is trending down, but we had a retrace the last sets of data ie last CPI. I do believe this is caused by the lag in data.