Why are they easing is the question. The entire west is broke, so who is buying all those bonds and why? Oil being up is no surprise given we will be attacking Iran any day now. The SM doesn’t appear to be going anywhere, the QQQ’s look like they are slowly rolling over. War is usually good for the SM, but I wonder if that will hold this time around.
Is the flight into bonds an early flight to safety by all those fund managers that don’t know any better?
You know what is not a flight to safety? Bitcoin. Down 2.5% today. I think if tech gets wrecked, so does Bitcoin.
PM’s starting to move now…
