I think it’s still morning in your parts.
Yep, they whacked us back down, as they also knocked back the SM futures. Like I mentioned earlier, the best we probably get is if everything rallies – stocks, bonds, commodities.
Hard to see us stepping outside of the box.
I’m wondering if you’re right and the Fed may be losing control of the bond market.
edit: SM futures up a little now but not the Nasdaq which is flatlining. Gold not following though. USD up, 10 yr. down 5 bips. Commodities down.
It literally has to be EVERYTHING up or gold won’t rally.