Oil up, rates up 4 bips to 5.2%, SM down modestly. Nasdaq faring worse but less than 1%
The dollar is flat.
None of this is much different than what we’ve seen from day to day, yet pm’s are getting obliterated worse than every other asset class by a wide margin, it’s not even close. Gold down over 3%, silver over 5%.
It makes very little sense, but I guess it never does. Throw your charts in the trash, they have been useless for years, unless you’re looking for breakouts to sell. Every breakout is sold, every time.
I got no cheerios to post, so I won’t until there something better to post about. Could be a long wait. 🙂