I don’t know if Warsh is speaking or what’s going on, but I’ve never seen the bid/ask on these shares and ETF’s jump around like this in microseconds. Now they are headed straight down. Whatever he’s saying is moving the dollar higher but not rates so much. Regardless, they are attempting to waterfall the metals.
Same as it always was. They tear it down in a day and we take weeks to rebuild it.
Smoke and mirrors. Palladium still up over 6% though. Imagine that.