No idea why. Oil is down $2, don’t know why that either. Rates are down near 4 bips. Dollar is up slightly, as is Bitcoin.
And of course, the SM futures are up nicely.
There’s supposed chaos everywhere, and yet markets act as though everything is fine.
If there wasn’t really all these wars and oil and diesel issues, would we even know it? I wouldn’t, I just know what they report from day to day.
I think we’ve entered the twilight zone.