Loading ...that our metals have come all the way back to flat from the overnight lows. Silver is especially pleasing after bouncing off $30 and we’re doing this with the dollar notably higher and rates up near 6 bips.
Unfortunately, the shares are still pretty weak, so not sure we’ll be able to hold any gains if we get them in the metals. Good to see gold has come back to the $2650 magnet, which is where they took it in the AH on Friday.
We have some eco data coming out after the SM opens that could impact things, PMI and ISM manufacturing data come out at 9:45 and 10 am respectively. The bar is set low for both, so prolly going to beat.
For now, just glad we’re not looking at another slaughter like last Monday, at least not yet.