Lions.. as I am writing this it is 8:17am PST and the market seems to be shrugging off the rising 10-year yield and DXY. The major indices are higher.
Crude is under pressure as well.
Currently the MMRI is sitting at just over 116.
This is why I have been OVERSTATING lately that we will not deviate from our current strategy until we have to.
Remember to stay hedged!
GM
Thank you Greg.
Hey Greg! Do you think the shrugging off of the 10-year yield is an indication of a melt up, or the market is prepping for interest rate hikes like banks have been doing?