Loading ...Though it doesn’t look all that different from most of the other days, except Bitcoin soared right through $100K after Trump announced a “pro-crypto” pick for SEC Chairman. Bitcoin sitting near $103K. What else can be said? Everything with the name “coin” in it now goes up. Well, unless it’s a gold or silver coin.
As for the rest of the market, everything is mostly flat. SM, oil, dollar, etc. Rates up 2 bips, didn’t realize they closed down 7 bips yesterday after the weak eco numbers. Weekly jobless claims today and Challenger job cuts data, shouldn’t matter to markets. We have the big monthly jobs report tomorrow that has generally been bearish for pm’s since the dawn of time, regardless if strong or weak. Whatever.
PM shares are flat or up pennies. Nasdaq futures are down a little, Not to worry, tech will get turned around quickly and rip higher before the day is over.
Time to snooze, while I ponder whether I will be one of the 6 billion that die in the next 12 months. The odds of survival are better than the odds of a pm share going higher after you buy it, so not bad. 🙂