Everything is bouncing this am. SM, PM’s, Oil, Bitcoin. The dollar is a little weaker.
Very early and the only thing that matters is what happens when Powell speaks, or his speech is leaked to Steve LIESman on CNBS.
If they’ll turn us back down, that’s when they’ll do it.
So, just watching and waiting to see what happens. Hopefully this sticks, as silver has recovered almost all losses from yesterday, gold about half. Not something I’m comfortable banking on though.