I’m not sure what the Fed will do, but I think they’ll continue to raise rates until something breaks. That may not even be the stock market, could be housing. Seems the SM is rigged to go higher now pretty much forever.
To be honest, I feel like I understand less than I did 10 years ago, very little correlation of anything.
No follow thru for pm’s, USD bouncing, rates up a little. If the pm shares could show some strength today, we might get a hint of where the metals are headed.
MM3 – yes I know exactly what you mean, and now amazingly ISIS has struck in Iran. I don’t remember them striking in Saudi or Israel. Fancy that, something about not biting the hand that feeds you?