Loading ...So weird being up this early on the east coast.
Looks a lot better for our pm’s than it did a few hours ago.
Tough to find anything up this am except gold inching back above $1760, not big move but steady as the DOW is down a couple hundy, Naz and SPX down 1%. Oil is the kicker, down 3%. USD down .4%
Is it possible the Fed is engineering some deflationary pressures? ZH had an article that said demand for oil is falling. We know they’ve already crushed housing and that will get worse. Problem for them is how they can increase supply to bring prices down as the USD starts to roll over.
Regardless, I’m glad to see pm’s steady as the other markets are weak. Long way to go yet this am though.