SP 500 Futures
@ 11 PM EDT
Existing home sales tomorrow at 4.6 Million consensus. Refis are progressing so quickly the NY Fed is growing concerned about its shrinking MBS portfolios that it took over from the banks. As refis are done the mortgages leave the pool.
US GDP second estimate for Q2 on Thursday 27 August. Consensus is for 1.4% versus the first estimate of 2.4% and a chain deflator of 1.8%. If the deflator deviates lower from this figure then it might to 'enhance' a bad GDP figure. Watch inventories as well.
Gold Daily Chart
It is options expiration this week (26 August) at the Comex for the precious metals.
Gold Weekly Chart
Silver Weekly Chart
“Thus, it should be understood that when pro-US figures use the term, 'rules-based international order,' they are not referring to anything analogous to the rule of law. Quite the opposite, they are using Orwellian language to describe a system in which essentially no rules can be established and/or observed, given that the dominant state has the prerogative to violate and/or rewrite “rules” at its whim.” Aaron Good, American Exception
Solemnity of Christ the King
"You say I am a king. I bear witness to the truth."
LE CAFÉ AMÉRICAIN
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Soupes, Potages et Bouillons
Potage traditionnel, consommé sophistiqué
Canapés et Apéritifs de la Maison
mardi et jeudi à la table du propriétaire
Salade Niçoise
English Breakfast
Gigot d'Agneau
Légumes rôtis
OEUFS BÉNÉDICTE
pas de McMuffin
Schweinshaxe
Girolles
Homard
CÔTE DE BOEUF
aux champignons et pommes frites
GÂTEAU AU CHOCOLAT FONDANT
Clafoutis
aux cerises
GÂTEAU AU FROMAGE
aux-bleuets
