Stocks and Precious Metals Charts - Hawkish Shock Syndrome

By Jesse of Jesse's Cafe Americain

Jan 5, 2022 at 5:27 PM EST

Gold and silver got smacked down from their rally attempt.

Stocks were wobbly for the morning trade.

And then the Fed's more-hawkish-than-expected meeting minutes came out, and stocks went into a melt down as Treasury yields rose.

Gold and silver got smacked down from their rally attempt.

The Dollar had been selling off during the day, but rallied sharply higher on the 2 PM news, finishing almost unchanged.

The VIX moved higher.

What a surprise.

Is the rinse cycle over yet?

Never have so many paid such an exorbitant price for so few.

Non-Farm Payrolls report on Friday.

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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