What is Going on at Banks? | Market Rundown
Today:
Market Rundown.
Quick explainer of Bank behavior yesterday
NFP preview
1- Market Rundown:
Good morning. The dollar is down 7 points. Bonds are considerably stronger. Stocks are up 60 to 120 bps. Gold is up $6. Silver is up 4c. Oil is down 50 cents.
Comment: NFP today and bank swoon yesterday.. Comments below. If markets sell off again from the banking risk, then Gold will likely do well relatively speaking. Noone is shorting it right now. Only levered longs exiting
Much more below…
