Loading ...10 yr. up 2 bips, dollar up a little, pm’s flat with silver doing a little better than gold. Powell speaks in Jackson Hole today, I doubt there’s much good that can come from it, but ya never know.
He’s got a few big problems. The Stock and Bond markets are failing. They’re trying to bounce the DOW this am, but the failure of NVDA yesterday doesn’t bode well, IMHO. AI has been in down mode for a couple weeks now. The Nasdaq futures are drifting lower after being up nicely earlier in the premarket.
PM’s held up pretty well yesterday given the moonshot in the dollar, shares not so much in a down SM
Truthfully, everything seems like it’s all meaningless and boring. An endless churn of boredom.