Rates down, USD down. The 5 yr. down too and now only 8 BPS below the 10. Inverted yield curve suggests recession dead ahead.
Bitcoin down, but not much from yesterday.
and PM’s flat with the USD up a few ticks.
Was hoping we’d be up $30 to start the day, but flat works in a down market, just glad we’re not down $30. Shares aren’t scared by the weak SM action – at least so far.