Stocks slumped today and went out on the lows.
The Dollar chopped sideways and was mostly unchanged.
Gold was just hammered. Silver sold off a bit.
I don't have a good handle on what is driving the gold selling yet. Some have speculated that this is a sign of a liquidity crunch. I think it might be so, but there may also be an element of a carry trade.
It will be interesting to see how the SpaceX IPO comes out this Friday.
VIX rose.
The Consumer Inflation YoY number came in hot this morning.
The wheels are falling off the Trump Administration's foreign policy.
Rough seas ahead, mateys.
Have a pleasant evening.
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