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Sunday, January 29, 2023

A Gold Divergence; Post Vaccine-War Impact Incoming

We had four economic reports this week: Personal Income (PI): +0.22% month over month (m/m) [+0.26% month over m/m prior]; Slowing, negative. Durable goods, New Orders (DGORDER): +5.33%  m/m, Shipments +0.50% m/m. Positive. Median New Home Sales Prices (MSPNHSUS): -16.9k m/m, New Home Supply: -0.2 [to 9 months]. Negative (for housing). GDP: +1.56% quarter over …

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