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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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  • US Data/Speaker Calendar (prior, estimate)
  • Jul-16 0830 Retail Sales Advance MoM (-1.3%, -0.4%)
  • Jul-16 0830 R/S Ex Auto MoM (-0.7%, 0.4%); Ex Auto & Gas (-0.8%, 0.6%)
  • Jul-16 0900 NY Fed Williams open remarks, culture in workplace event
  • Jul-16 1000 Business Inventories (-0.2, 0.5%)
  • Jul-16 1000 U. of Mich. Sentiment (85.5, 85.0
  • Jul-16 1030 NY Fed buy-op: Tsy 7Y-10Y, appr $3.225B
  • Jul-16 1600 Total Net TIC Flows ($101.2B, --)
  • Jul-16 1600 Net Long-term TIC Flows ($100.7B, --)
MNI Chicago Bureau | +1 312-431-0089 |
MNI Chicago Bureau | +1 312-431-0089 |

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