I’m not sure it’s a JDST day. The shares looked yesterday like they were tired of going down to me. They’ll open down again of course but it doesn’t look commensurate with the loss in the metals.
I’m always wrong but it still looks to me like the shares are trying to find a bottom.
USD is relentless, bonds are breaking down maybe? Nothing working in pm’s favor, nothing in the future looks good for pm’s either, but IMHO the shares will bottom first…
That was a whopper of an ADP Report. I’m at a conference, everyone thinks the economy is going to get better and the orders are starting to flow. If we have anything going for us, it’s that we’re headed for some good old fashioned inflation.