The dollar fell off the 99 handle today, and gold and silver and even bitcoin rallied in response.
Oil rallied, and then fell back to unchanged late in the day.
VIX fell sharply on the stock pop, but was unmoved by their later flop.
The financial system has not been a sound evaluation mechanism of risk and allocator of capital for some time now.
Over time this erodes the organic growth in the economy, and leads to serious imbalances in the structure of a society.
This is 'bad news'.
Have a pleasant evening.
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