Stocks and Precious Metals Charts - Carnival of Heels and Souls

"That the rate of interest will be lower when commerce languishes and when there is little demand for money, than when the energies of commerce are in full play and there is an active demand for money, is indisputable; but it is equally beyond doubt, that every speculative mania which has run its course of folly and disaster in this country has derived its original impulse from cheap money."- The Economist, 1858

The stock futures did a major pop and flop, rallying in the overnight, and cracking down lower during the day trade.

The cause was a mix of disappointment over the lack of stimulus and fiscal response, and also the cessation of shenanigans from Friday's option expiration.

The Dollar continued on a bit lower.

The VIX was higher with the perception of increased risk, aka uncertainty.

Gold and silver were both sharply higher during the day but gave up much of their gains in the afternoon.

No matter how loud and how stubbornly foolish one maybe, in the end, life is a school of probability.

Have a pleasant evening.

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