Loading ...There’s still a bit of eco data coming out this week – FOMC minutes today, GDP tomorrow and PCE on Friday. PCE is supposedly what the Fed follows on inflation so it’s probably most important to the markets.
Gold just ticked up a few bucks, let’s see if it sticks or it just drifts right back down. We’ve seen that for a couple of weeks now.
Nat Gas @ $1.98 down another 6%. It just doesn’t jive with the news we received for months on ZeroHedge that supply would be tight due to the cold winters here in the west, the war in Ukraine, etc.
USD is flat. 10 yr. is down a bip to 3.94%. We are definitely moving inverse rates and they’ve had a good run. Hopefully we’ll get a break.