The new month begins in the same manner as the old month ended…with commodities in the red across the board amidst a general liquidation as the POSX soars to new 20-year highs. Yuck.
But we’ll see what tomorrow brings as this next BLSBS is a real wildcard. If it comes in dramatically below expectations, we’re likely to get a brief respite in the selling. However, almost all “markets” are on the edge of a precipice and a strong BLSBS might just shove them all over the edge and into the abyss. So, be on the lookout at 8:30 ET. It’s going to be a volatile day.
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