Funny that everything but commodities are up on heavy PPI inflation data. Seems upside down to me.
Maybe that’s because we have so many funds trading Arbs/links….ie if x goes up then y goes up/down….the scum ram the SM higher on the good Ukraine news…therefore u sell PM’s as they always go down if SM up etc.
The Algo’s need to be reprogrammed….they ain’t configured for a rising rate World.