Loading ...King dollar is screaming higher again, up .4%. However, there’s a bit of a divergence that doesn’t make much sense. Bonds are rallying hard and the 10 yr. is back below 4% at 3.99% – a whopping 9 bips. That does not compute, and maybe why pm’s aren’t getting obliterated this am. Course they’re down $5 and $.05 respectively, but not as bad as they probably will be later.
SM looks rather sketchy this am. The DOW rally yesterday didn’t make much sense to me.
Oil taking it on the chin for 2% or so, but still above $80.
The only thing I can think is that this is the beginning of a coming correction as the Fed coupled with Aladdin, rush out of stocks to support the bond market. Rates are not sustainable for our Gov’t. debt, and they must support the uniparty at all times to maintain their control over “we the people”.
The charade called the US Gov’t. is failing.