Stocks were dodgy again today.
I think it will continue to be like this for some time.
The market wants to revalue lower, but Trump and Bessent see it as an important symbol of their administration.
This is a recipe for a bone-crunching correction.
Gold and silver bounced.
There will be an option expiration on Friday.
The US State of the Union meeting will be next Tuesday.
This will weigh heavily on all those things that the administration can control, for now.
An attack in force on Iran will likely be viewed in retrospect as a similar poor decision as Operation Barbarossa.
The thought processes in both are strikingly similar.
Have a pleasant evening.
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