What a long, strange week this has been and, in hindsight, it was definitely a good idea to have a Hat Contest. And now we end the week with stonks going up and CDG going down, regardless of the news. Who's ready for the weekend?!?
So, anyway, a little bit of a late start this morning so I'll try to keep this brief and on point.
The news today should have been bullish for the Comex metals and, a few months ago, it would have been. But now the prevailing sentiment has shifted to a "this only makes The Fed tighten faster" narrative and so, as stagflationary as this data is...
