Another day of AlgoHell leaves us only hoping to end the week on an uptick with no chance of a green candle. But it is what it is during the summer doldrums.
Any other time, it might have been a good day for the Comex precious metals as both nominal and real rates fell. However, since the POSX rallied another point, the metals never had a chance once the paper trading Comex took over.
Speaking of real rates, you’ve often heard me mention the TIP ETF as a proxy for real rates. If you ever wondered why that was, our pal David Brady has written an explanation:…
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