Rate hike expectations are receding, nominal rates are falling, the POSX is tumbling and the Comex PMs are rallying. Sounds good, right? Yes, it does. However, tomorrow brings another BLSBS and, if birth-death history is any guide, then we should expect the 14th consecutive "beat of expectations". How will that impact rates, expectations, the POSX and the PMs? We're just going to have to wait to find out.
For today, a thorough discussion of all this in preparation for the volatility that we expect tomorrow. From there, all eight of these images:...
