Stocks came in having recovered overnight from their losses to stage a rally up from a lower open.
But, as we have often seen, the same lies lose their potency with repetition. And so stocks slumped into the close.
They are tagging some key support levels that if breached may open the door to a much deeper correction.
Gold and silver were struggling again.
Bitcoin failed to rally from its decline to the lower half of its intermediate trading range. Let's keep an eye on that.
VIX has been steadily climbing to reflect market risks, setting higher lows.
The Dollar has taken the midpoint of the 100 handle. This is not such a positive for the real economy, since a stronger dollar makes imports cheaper and exports more expensive.
People who make real products here are not advantaged. But the financiers like it.
I am afraid that most people are not yet taking the global risks seriously, preferring to listen to the lies and delusions of those to whom they have declared their loyalties above God and country.
This is not going to end well. When that realization hits home there may be a rush for the narrowing exits.
Have a pleasant evening.
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