Well, the jobs report was a whopper and beat all estimates up 312K. Seems the unemployment rate moved up to 3.9% which doesn’t really jive.
I guess we should probably expect a bit of a correction in the metals, although it doesn’t seem that bad right.
The SM rally makes absolutely zero sense but it’s made no sense for a couple of years now.
Is this a “buy the dip” moment for pm’s – especially shares?? No clue, we’ll see what Powell has to say. If this SM rolls over on his comments – look out below.