Crypto’s and pm’s really outperforming this am as the USD and Rates slide a bit.
As usual, we’re having our little battle at any and all round numbers.
R640 – I think that raging inflation is going to end up being deflationary, but if the USD starts to fall in earnest that might keep inflation going for awhile, meanwhile demand is crashing and layoffs are coming.
Looks like we may have just won that battle at $1740. Expect the same at $1750.