Founders: GOLD Let's See How Committed the Long Funds Are This Week

Micheal Every

Good Morning

Data:

UK: retail data = mixed messages. BUT the spending is on services, the drop in spending is on goods.. another data point in the whole “stop buying goods/stuff, splurge on domestic services inflationary issue

EU: Inflation data. not a good feel for these… consumers aren’t good in EU on inflation trends.. Frequency Bias and Loss Aversion get in the way alot.. meaning.. they are not logical in their reactions to price increases.. SHEEP DATA

US: Today is Factory orders, and Global manufacturing. Focus will be on non domestic orders