Loading ...I think they are dead right, for once. Under such circumstances little new investing will be done….However, it seems that no-one told the Scum Algo’s. So what we v poss have now is the Scum bidding Dollar and SM and of course selling hell out of PM’s. In v thin mkts, because everyone else is rightly sitting and waiting.
Why else would we have such mad moves….$/Yen near 108 !!!!!!……on what ????, SM making new Hi’s and PM’s into the dumpster….again on what. All we have is a clear sign ,massive new borrowing and potentially higher rates. Neither of those justify the huge moves elsewhere.