The dollar has completely turned, rates as well. 10 yr. @ 3.99% vs. 3.91 earlier. Oil up, SM well up.
Course, this takes some air out of pm’s. and why not? That’s the most important thing to them. Add to that the usual 9 am bullshit and you get metals well off their highs of the morning. So typical.
Doesn’t make sense, seems like something else is going on
…continuing jobless claims rose to 1.875mm Americans – theĀ highest since Nov 2021…

