Disagreements

Week Ahead Jun 23-27

I hope everyone is having a nice weekend. Of course, the big news is President Trump’s action to hit Iranian nuclear facilities last night, but we also had a pretty important FOMC meeting last week.

In terms of the calendar this week, we will of course be monitoring any retaliation by Iran. In terms of eco data, tomorrow we have S&P PMIs and Existing Home Sales, Wednesday has the current account, Redbook sales and Case Schiller and a 2yr auction, Wednesday has MBS apps, new home sales and a 5yr auction, Thursday has durable goods, trade balance, pending home sales and a 7yr auction, Friday has core PCE, income/spending and UMICH.

Let’s dig in.