Stock futures were jammed higher in the quiet overnight trading once again.
This is all a part of the 'public relations' campaign being spun by the Trump Administration.
His minions have pointed to the "50,000 Dow" often enough to know this is one of their fig leafs covering a failing economy and administration.
Gold and silver bounced around, gaining quite a bit in the overseas, overnight trading, and then being whittled down in the NY trading hours.
All is well, don't you know.
The economic data was inflationary.
VIX ticked lower, because all is well, you know.
Bitcoin is stuck on the wash and rinse cycle.
If the smart money is not slowly exiting from this 'asset' I will be surprised.
Despite the circuses and illusions, nothing has changed in the fundamentals of risk and the markets.
Not one thing. Stocks and the economy are cooked, and the rest of the world is finding a refuge in non-Dollar dependent assets.
We are coming up on an option expiration on the Comex this Thursday, more for gold than silver.
And next week is Holy Week.
Trump is moving troops towards Iran every day. This talk of peace seems to be the usual scam.
Some are happy that Trump's approval rating is 'down' to only 35%. All things considered, after all that has been revealed, I am shocked that it is so high.
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