Loading ...Got sort of ugly after I went back to sleep for a few hours. SM futures are down with S&P futures down 29. Europe is slightly weaker, Nasdaq down 1%. 10 yr bumped up to 3.57%. USD now up slightly, call it flat.
The big action is in commodities, really everything other than G & S is taking it on the chin. Oil is down over 2%, soft commodities are weaker across the board as are the metals. Copper down 1.4%, with plat and pall down 1/2%. Aluminum weaker as well.
Nice to see G & S up with everything else down.
If I didn’t know better I’d say that the Fed might be getting a grip on inflation?