Loading ...Rates up a little, back over 4.6%, the dollar is surging, pm’s and pm stocks turned south.
Oil is up though 1.5% back toward $85. DOW and Nasdaq fading. At least this is the initial knee reaction.
PM’s and shares really haven’t had any volume to mark this turn. I suppose we can start a rally on light volume, but not sure we can sustain it.
Dollar starting to come back in as I type this, so who knows what will happen? DOW regaining its mojo a bit. To be sure, the SM likes a weaker dollar and rates, even more than pm’s.