Re Nem
What none of these mkts can shake is the SM….as soon as that finds some direction, the idiot Algo’s trade every other mkt the same way.
Today was classic…early SM strength, which burns out and then it slides, so the Algo’s short everything else…..no matter the history….we may as well just have 3 mkts, Bonds, Dollar and SM.
That said, someone is dumping bonds every day in monster size.