M/M numbers were up 0.4% vs. estimates of 0.3%
Y/Y numbers were in-line at 2.9%
They haven’t posted the ex-food and energy numbers that I can see yet.
Initial reaction was dollar down, rates down, pm’s up but now they’re down a little. 10 yr got down to 4% but have bounced off that to 4.2%. Dollar is pretty much flat.
PM shares are mostly up a little. SM up some too. Bitcoin flat. oil down $.80 below $63
As I’m writing, the dollar just dropped. GLD hasn’t noticed yet, but SLV is positive.
Other than being overbought, there’s nothing working against us today.
Pray for Charlie Kirk’s young family. I also find myself praying for vengeance.
