Loading ...Might as well start the day the same way I finished yesterday, with a post here. It’s therapy ya know. 🙂
Looks like the USD is bouncing, up 1/3%. Metals across the board are down, SM futures are in rally mode. Curiously, rates are down 1 bip @ 3.55, would have thought rates would be higher. Bitcoin is rallying hard, up 800 pts. Oil is up again – 1%. Other commodities are mixed.
I’m not sure we want a huge rally in oil just yet, but I suspect oil doesn’t care what I want.
SLV down 1/2 %, first attempt to get back inside the band of resistance at $21.5-$22.5 not going well. Fortunately for us the Crimex doesn’t open for another five hours. We could come back, it COULD happen. 🙂
We have pending home sales numbers this am. Tomorrow is the 3rd revision of GDP probably a yawner. Friday is the big number, the PCE, supposedly the most watched report by the Fed. They are going to need this number to show some weakness to fit the Fed’s pause narrative.