Loading ...Nasdaq getting some downside follow thru that may not let up. DOW as well.
Dollar ripping higher, 10 yr. up 3 bips to 4.97%. Maybe today is 5% day?
Oil is down near 2%, below $84. Must be a lot of frustrated longs wondering why oil isn’t soaring, welcome to an average day in the pm markets fellas. Nothing makes sense does it?
Believe it or not Bitcoin is down a $200 and change.
Finally our pm’s are up a little but have been fading for the last couple hours. Gold futures got back above $2K and spot above $1990, but faded from there. Headwinds with rates and the buck.
NEM came out with a miss on earnings but is flat in the premarket. It’s early though, so there’s plenty of time to take it to the woodshed, but looks like maybe yesterday was telegraphed.
GDP comes out in an hour. Always seems to move the market. Consensus is 4.2% quarter over quarter. Seems lofty to me, durable goods also come out with an expectation of 0. I’d think the SM is going to want to see weak numbers, but who knows what the Gov’t. will give them?