Yup there were a few bounce backs, but the selling is relentless….they cannot have the PM’s stand out….same ole etc.
Lot of talk that SM will retest lows etc and as u say cannot have PM’s out performing.
Not sure about Oil….I think there is more to the Vlad Saudi story, than a deflationary play….The Donald does not want a dead Oil economy, on top of all the virus damage…taking out Shale makes big sense, for Vlad/Saudi.