Loading ...Looks like we’re going to lose the $33″s again. Back and forth. The SM is ripping though because they’ve been able to get the 10 yr. back below 4.5%.
So, it appears we’re back to lower rates = stronger dollar = stronger SM = weak pm’s. Whatever, dude. It will be this way until it’s not.
Not much action in anything else, just another day. Durable Goods out in a couple hours. They should suck, but are unlikely to move our metals.
I did notice however, that it is the end of the month for the next four days, and it seems that at the end of every month the traders want to get into the SM and out of pm’s. So there’s that.