Today no change in reverse momentum for the dollar trade. Gold continues to lose ground, and commodities sold off again. McDonalds reports worse than expected same store sales numbers which effected the Dow and 3M reported earnings today and gave disappointing guidance. On the rate front, we saw the 10 yr sell off at the end of the day pushing yields to a higher level. Mortgage rates rode intraday and now stands at a flat 5% on a 30 year. Meanwhile interesting weather is going to effect travel over most of the nation, everyone stay safe.
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