Stocks And Precious Metals Charts - Big Wheel Keeps On Turning - Moonshot Bear Market Rally

By Jesse of Jesse's Cafe Americain

Nov 10, 2022 at 5:16 PM EST

Bear market rallies are impressive because the bias in the market participants tends to be defensive and shaded to the short side.

A softer than expected CPI number this morning ignited the unexploited red wave rally.

Bear market rallies are impressive because the bias in the market participants tends to be defensive and shaded to the short side.

The Dollar dropped, precipitously.

Gold and silver rocketed higher.

The major stock indices did moonshots.

Let's see how it goes.PPI tomorrow.

Pivot city.

Have a pleasant evening.

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Disclaimer:

These are personal observations about the economy and the markets. In providing information, I hope this allows you to make your own decisions in an informed manner, even if it is from learning by my mistakes, which are many. As a standing policy, I never provide individual investment advice to anyone. I will only occasionally disclose my personal positions for the purposes of illustration. Understand that my own circumstances could differ greatly from your own, and therefore what is suitable for me may not be suitable for you. My comments are intended to be reflections on general macro financial and economic events and trends.

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