The Mob has spoken.

It’s Wednesday and you should treat it as such.

There will be gap openings with risk spreads reaching
their first major target levels.

As anticipated, the bonds are getting creamed and it could be just the beginning.

The initial reaction to the dollar is higher on higher rates.

Grains are getting the same treatment.

Precious metals will either hold today’s sell off or the trade is over for a while. Time frames have varying interpretations. Nasd is the weak index having failed to reach its ATH.

Be a little patient this A.M. since the names will have to catch up with the indices after the open.