So, we get the usual post Fed meeting treatment which shouldn’t surprise anyone. PM’s will give up all gains from yesterday that got us back above $2300 – and then probably some more, just for good measure. Nothing says everything is fine quite like PM’s taking it on the chin. Yesterday’s rally until the last hour was a selling opportunity.
All is fine in the SM of course, because the Fed is genius, and everything is under control.
So, pretty much everything is up this am except pm’s, although Bitcoin is down a little, but it too will flip positive before this day is over.
I’m afraid that the time of the summer’s death knell are already upon pm’s. I can only hope not.