The Red Sea

Thu, Oct 21, 2021 - 10:57am

It's another sea of red across the commodity sector today which, I suppose, is to be expected after a decent first three days of the week. But we'll see where we go from here and the weekly chart-painting is still about 30 hours away.

I guess we'll start there this morning. There wasn't much excitement anywhere overnight and a gradual selloff in treasuries took the 10-year rate all the way to 1.68%. It has since rallied back a little but it's climbing again now and is once again at 1.67%....

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