Loading ...yes, the commies are in some trouble and probably could use a meaningless rate cut as a gesture to the plebes that they are trying to make things better. They feel our pain…
Rate cut should help us though. The 10 yr. is in rally mode, down 8 ticks, so that helps.
Shares look good, although volume is not all that impressive. I noticed the uber large miners RIO and BHP are rallying as well. That gives me hope that maybe the miners in general are getting some attention, hopefully from institutional investors. At the end of the day, big money has to come in or we got nuttin’
What’s interesting is that inside the details of those ADP numbers, mining companies lost 8K jobs. Go figure.
I agree with you about a weak jobs report unless they decide to fiddle f*ck around with the numbers.
This needs to last for more than a day though and gold needs to step up its game.
edit: Just noticed ISM services laid a huge egg. We are a service economy, that’s not good.
Forgot this was an early holiday close. That might explain the volume.