A.M. Look 6/18/25

I can make a case that last night’s Index & FX lows are good going into end of qtr.

My problem is that charts are still rolling.

The yield curves are getting interesting, but here too I hate to make a statement as to follow through.

The long end is unchanged on the year. Absolutely nowhere.

I would imagine that fearless leader has been busy fielding calls from his buddies in the mideast hoping he will remove their Iran problems once and for all.

I don’t think the air brake reactions to this are over.

Tomorrow the NYSE and Banks are closed with the Futures having a full day. I’ll open the room at the usual time for those that wish to be involved.

The room will be closed Friday for my qtrly class event.

There will be no further
written comments until Monday.

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