Stocks and Precious Metals Charts - Jobs Lite - Markets Rebounding on Hopes for Continuing Fed Dovishness

Jun 4, 2021 at 4:34 PM EDT

Stocks and the metals rebounded sharply, and the Dollar took a give back towards the 90 handle.

The Jobs Report came in significantly weaker than expected, and certainly well short of the expansion implied by the ADP Report.

But the BLS reports are a funny old thing.

And so stocks and the metals rebounded sharply, and the Dollar took a give back towards the 90 handle.

I really do not have a feel for the metals here and am sticking with the sidelines for now.

Have a pleasant weekend.

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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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