Loading ...So, watching the circus aka the SM. All of a sudden, the dollar drops a couple bips and the SM rallies – especially tech. Does the SM need a weaker dollar? PM’s rally up a little but not much.
The problem with the dollar dropping? Oil rallied up even more, now up 4%
I hate to see these pm shares bounce ONLY when the SM rallies. it says nothing about what the metals are going to do.
I mention the CBDC because Rickards put out an article yesterday that said the CBDC’s were a lock. Are the Saudi’s going to take our CBDC? I sort of doubt it.
As far as raising rates because of oil, well therein lies the problem. Oil is going up anyway with rates rising. They are so screwed.