Loading ...Given the SM was weak all day and rates were up 7 bips.
It’s almost as if the SM is beginning to believe the Fed is going to raise rates higher and longer. I seriously doubt that, but it’s what the talking heads are saying.
Actually, the SM has been down pretty much the last 3 days while we are up. Not much, but maybe just an oversold bounce.
I’ve had the feeling that this would be THE year for us bugs, long way to go and lots of proving to do.