The new month begins with a broad selloff across the commodity sector, this despite (or because of) an exceptionally weak set if manufacturing PMIS that signal recession has already begun or is imminent.
Those PMIs plus a safe haven bid lowered interest rates to their lowest levels since January. However, that same safe haven bid allowed for a bounce in the POSX. The Machines, taking their cues from the POSX, decided to dump everything that wasn't nailed down, including stonks, with the S&P falling 75 points. What will tomorrow and the BLSBS bring? Let's talk about that today...
