Too Quiet?

Seemingly every great Western has a scene when a bunch of cowboys are riding nonchalantly through an obvious place for an ambush when one of them (the dimwit) optimistically mutters, “purdy quiet.”  Our hero knowingly replies, “yeah…too quiet” at which point all hell breaks loose. The dimwit is the first one to bite the dust. This week could be a lot like that.

There are scads of economic data due out this week, many of which could move markets.

But, a few of them could result in all hell breaking loose: tomorrow’s CPI data, Powell’s testimony to Congress Wednesday and Thursday, and retail sales on Friday.

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