Loading ...especially for you folks on the left coast. Things seem sort of “business as usual” to me.
SM not reeling too much, oil has stabilized about a buck lower than it was last night around $85. Gold is up an obligatory 1%, silver is flat. Dollar also making an obligatory move higher but nothing crazy, up 1/3%. 10 yr up a bip, sitting at 4.8%. Bitcoin flat.
It wouldn’t be a surprise if everything sort of reversed today. Not sure we’ve seen a war damage the SM in over 30 years, it’s generally been good for the SM.
Jim Jordan, the next Speaker of the House has already come out and said we need to replenish Israel’s missiles, that should give the defense companies a shot in the arm.
The pm shares look solid in the premarket, but I’m not sure they’ll stay that way for the rest of the day.
Not sure there will be a crash in the SM unless that’s what TPTB wants, and the reprograms the algo’s. At the moment it doesn’t seem likely. Who knows?