Loading ...Hard to see a comeback on a day like today. Doesn’t happen in pm’s.
I think this may be a little more serious than the usual end of the month beating, only because the SM is getting hit hard as well. We may be seeing the beginning of the repo problems centered around the bond market. I say that because the crashes always start with pm’s getting hit harder than everything else but ending sooner. There’s a problem somewhere IMHO. No idea how far down they’ll take pm’s, especially if demand is really that strong. The shares never really got off the ground, so I guess they can go a lot lower.
I suppose we’ll know more tomorrow. If we have another day like this, then Sunday night could bring in the PPT. Just a guess.