Stocks managed to put together the usual Monday rally, without the vanguard of false news of peace. And that rally faded badly in tech, but with the SP 500 holding it a bit higher.
Gold and silver were under a bit of pressure, but proved a little more resilient than normal.
VIX fell.
Price discovery is a fundamental principle of markets in what is often appropriately called 'market capitalism.'
When that process is subverted, malinvestment and harms to productivity and the prosperity of the public become commonplace.
This is what we are experiencing now.
Have a pleasant evening.
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