It’s Wednesday and the markets seem to waiting for a catalyst.

I incorrectly thought that once the long end started to stabilize the Metals would pick up.

Gold and Silver are still losing to
Equities.

Oil has big time resistance a couple of dollars higher.

Risk spreads are showing a mild corrective
phase.

When the genius crowd is split on outcomes going forward I’ll stick to price to guide me.

Despite the big rotational churn within the names the indices are holding up.