So, the Fed stopped buying treasuries last week. Looks like the bond market needs them.
Speaking of the Fed, we have a meeting this week and I guess I could see pm’s weak for a couple days prior to the meeting and then take off after the meeting as they will put out a dovish statement, and they’ll return to being “data dependent”
Interesting that the DOW futures are up but the Nasdaq is down. Bitcoin flat. This little bump in the futures may not hold today. I suppose we’ll know after the first hour.
I would’ve thought that pm shares would be getting hit harder in the premarket. GDXJ, GDX only down 1% or so.