Well, what a day we had today. Great fun seeing all that green. But is that it? Has the proverbial train left the station? Hardly. In fact, it has only just begun to chug forward.
So why the continued surge in the Comex PMs? We cover this in today's podcast but here are the stats:
- 2-year note at 4.75% and down 50 bps from its high of six week ago
- 10-year note at 4.34% and the lowest yield since September 18
- POSX down 40¢ to 102.80, the lowest close since August 11
Where will the PMs and mining shares be in a few months when The Fed has begun to ease and the POSX is under 100? Again...the train has only begun to lurch forward.
For today, this excellent summary link from ZH: https://www.zerohedge.com/markets/waller-whacks-dollar-dovish-fed-hawk-s...
Next, these six images:
And these eight charts:
Thanks for listening,
TF
