Another Tuesday Pounding

Tue, Sep 7, 2021 - 11:00am

Just when it appeared that we were set to extend some gains after last Friday's BLSBS, the bond and POSX markets reversed Monday into today and now the Comex precious metals are taking another Tuesday smash. It's as if last Friday's BLSBS never happened as The Banks win again.

Welcome to the new week. Can we go back to the weekend, please? The POSX rallied through the day Monday and then took off again overnight and, today, the bond market has sold off, too. So, since the BLSBS back on Friday, the yield on the 10-year note is up 8 basis points from 1.30% to 1.38% and the POSX is...

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