These are the days that stick in my craw with the dollar down some – more than it was up yesterday anyway. OTOH, the 10 yr. is up again 3 bips, now above 5.22%, so that must be the rally killer today.
Can we just say it? Any reason for pm’s to be down will be used. But I do see the SM is doing just fine.
All I ask for is a fighting chance! 🙂
Ipso – I had no idea we were the world’s largest exporter of diesel. That’s a tough deal, we start a war that damages the world’s oil markets, and then we take our diesel supplies off the world market. I can’t imagine for a minute why the rest of the world would be pissed at us.
BTW – I think when we see rates rising and the dollar falling, we’re going to know the bond market is breaking. JMHO