Loading ...and maybe there was some monkeying around with the numbers showing them not to be as bad as maybe they really are? ZH notes that the is a 1.6% decline in energy costs MoM. I haven’t seen any decline in gasoline prices at all, in fact they’ve been up since last month. But I digress….
Fortunately pm’s are up 1/2% and seem to be trying to figure things out. Dollar is flat, rates down 2 ticks. SM futures up a little, Bitcoin flat.
Pretty much a vanilla reaction, hopefully the bulls take charge. I think we can expect a raid or three at some point, either before the SM opens, just after, but they will come. They always do.
For now, just happy we’re not getting creamed.