Signals are really mixed IMHO. I would have made a bet at any old price that a PR would come out this week. But if there’s news coming and it’s just being held back, it must be deep in the pocket, because trading trends haven’t really changed much. The sells are still outnumbering the buys appreciatively.
I’m a little lost. Next week is short, so I’d be surprised if anything came out until after the 4 day weekend. But even saying that, it just seems that there’s been some primer spread on some kindling, and a fire is ready to be set. Not certain how long it will burn after ignition. We’ll have to see how dry the wood that is in the PR is.
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