I’m not sure the SM is being let go just yet – down 1.75% in two days doesn’t seem like that much. I guess we’ll see.
Would never disagree with your v. smart wife – Trump will fight back. 360 pts. just ain’t what it used to be
The SM could selloff for a number of reasons:
- Flush of the FBI and draining the swamp
- Rising rates
- Upcoming demise of the petrodollar
- The Fed and their usual bullshit
- Who the F*ck knows?
The only thing I know is that pm’s never do what they should do – ever.