Stocks And Precious Metals Charts - What A Surprise

Jesse provides a market update for February 25, 2026, noting a stock rally following the State of the Union address, a late-session sell-off in gold and silver, and a weakening US dollar. The commentary is interspersed with philosophical reflections

Stocks rallied today in response to the big, beautiful State of the Union speech by Trumpolini last night.

What a surprise.

Gold and silver were rallying a bit but in the last hour were hit hard by program selling on higher volumes.

What a surprise.

Gold and silver owe no allegiance to anyone, any counterparty, and that is why those obsessed with a lust for power hate them. 

VIX fell.  What are the risks for the masters of the universe?

The dollar slipped after a mid-day push.  

The Dollar, once the bastion of imperial overreach, is becoming the weakest link. 

Bitcoin managed to rally quite nicely but is still within a lackluster trading range.

The Trump boys are crypto-kids.  But they are only concerned with Bitcoin to the extent that it might reflect badly on their own crypto corner.

Have a pleasant evening. 

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