I think you are right.
They have a big problem with Commie Kamala. She is unelectable. If people remembered she was a high-end hooker back in the 90’s servicing the DC mayor and his buddies nobody … I mean nobody … would ever believe she won the election.
Of course, this will not stop them from trying to steal it anyway as they are nuts, think everybody is stupid, and they have nothing to lose with the larger bureaucracy fully bought and paid for.
So, they had to try and attack the PMs today to get them down as much as possible before the light print in the PCE Friday to justify a rate cut in September. It’s the narrative thing. They need to close PMs off the highs here to get the monthly charts not looking so good; and, of course, to borrow from Slick Willy, it’s the election – stupid.
Everything is crossed they fail. (eyes, nuts, fingers – you name it)
Cheers