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(M2) Correction Extends


Late Session Rebound


(M2) Corrective Cycle Remains In Play


(M2) Gains Still Considered Corrective

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First Data Sets of 2022


US Data/Speaker Calendar (prior, estimate)

  • Jan-03 0945 Markit US Manufacturing PMI (57.8, 57.7)
  • Jan-03 1000 Construction Spending MoM (0.2%, 0.7%)
  • Jan-03 1030 NY Fed buy-op: Tsy 2.25Y-4.5Y, appr $6.325B vs. $7.375B prior
  • Jan-03 1130 US Tsy $60B 13W, $51B 26Y bill auctions
Highlight data for later in the week (est):
  • Jan-04 ISM Mfg (60.3)
  • Jan-05 Services PMI (57.5) , ADP Private employment
  • Jan-06 Weekly claims (206k), international trade (-$72B), ISM Services (67.0)
  • Jan-07 Employment data for December (+400k)
MNI Chicago Bureau | +1 312-431-0089 |
MNI Chicago Bureau | +1 312-431-0089 |

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