Loading ...One of our Fed head liars named Bullard came out and said no way the Fed would cut 50 bps in July, so the Dollar rallied and the stock market and pm’s sold off. Obviously algo driven. For sure the banksters needed to cover a few pm shorts so they got some help from their friends at the Fed.
Now I don’t know who in the hell was ever talking about the Fed cutting 50 bps in July in the first place – 25 maybe – but certainly not 50. Just another form of manipulation.
Anyhoo, the dollar is coming back down and things are stabilizing, but the damage for the day has been done.