Loading ...SM turned south around 4 am EST. Not in a huge way, but the fault lines are evident. The only thing I can see that’s up are bonds, the 10 yr. down to 4.34%. Scott Bessent, the treasury secretary, commented on the Sunday show with Maria Bartiromo that rates have fallen 5 consecutive weeks. Doesn’t seem that way, but they are down from above 4.6%. Might be the only reason that pm’s haven’t collapsed.
Bitcoin taking it on the chin, down $2200 below $90K. Oil flat, pm’s down a little $15 & $.15 respectively. Dollar is a little stronger, but not much.
The shares in everything don’t look good, pm shares included. Not crazy yet, but they’ve got the feel that it’s going to get worse.
A long way to go before the open, so maybe this is nothing.