Loading ...Really could care less if the SM bounces back, technical or otherwise as long as pm’s maintain their strength.
It is simply amazing how strong pm’s have been regardless of the USD or rates. We see the Ten year up to 1.72% from 1.63% just yesterday and the USD flat as a pancake, yet pm’s keep flat to higher day after day.
Either something is going on that we don’t know about, or we’ve experienced a pole shift. 🙂