Loading ...I don’t really know, the correlation has always been rates. Maybe the market smells lower rates. It should be inflationary but at the moment our economy is slowing as well as inflation. The other thing is that the rest of the world is way ahead of us in terms of lowering and the dollar has been strong against their currencies for a long time. It might just be unwinding some. I think the dollar index is around par. We forget back in the early 2000’s it got down to .77, so we have a way to fall.
Agree, it’s bullish for the SM.