Looks like an everything bounce. SM, Oil, Bitcoin, even pm’s. All this despite a stronger dollar once again.
The culprit may be bonds as they have a little buying coming in and the 10 yr. is down 4 bips.
PM shares are firm, but nothing to write home about just yet.
Hard to say if this sticks, because the dollar continues to be on a tear. Course it’s only on a tear vs. the other crappy fiat, not vs. oil, pm’s or much else. I suppose it’s possible we could go up with the dollar, as we had been in Sept.- Oct., but that’s a tough call to make. OTOH, oil is making an interesting move…
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