Good morning … NFLX beats (but guides lower), TSLA CUTS (prices 6th time this year so … disinflation?) and BAML customers spending binge (+8% vs this time last year) and so … stocks are down and bond yields are UP … 10yy are approaching their 40dMA (relevance
IF Lake Tahoe area skiing/snowboarding is an economic indicator (HIGHLY dubious!!!), then economic activity has precipitously CRATTERED since Easter!
Sure looks like there's a BIG appetite for >$2000 Gold just sayin'
Thanks as always!