Loading ...Bonds really getting dumped this afternoon. 10 yr. spiked from 4.2% to 4.24 in the last couple of hours. That would explain the dollar strength then.
Maddog you’re right, it could get ugly. To be honest, I’m stunned at how well our metals are holding up in the face of the relentless dollar rally. The Fed is going to break something if they don’t get a grip on things. Maybe gold is sniffing it out. Gold is going to finish at the highs of the day.
I’m also surprised at tech, although it’s just a few shares controlling the market.
Here’s the COT Report.
Seems pretty tame.
CFTC Commitments of Traders Report – CMX (Futures Only)