Stocks And Precious Metals Charts - 'Risk On' Signal

The economic data this morning was a bit weaker than expected. 

The markets took this as a 'risk on' signal, thinking that the weaker data would tend to temper the Fed's desires to shrink its balance sheet and raise the benchmark rates more than what the markets expect.

So stocks rallied.

The Dollar declined a bit back down to the high 101 level.

The VIX decreased further but still remains elevated.

Gold and silver were hit with this risk on sentiment but also as a follow-on to the recent option expiration.

They did manage to take back most of their declines by the end of the day, shenanigans-wise.

Have a pleasant evening.

(Click on image to enlarge)

(Click on image to enlarge)

 (Click on image to enlarge)

(Click on image to enlarge)

(Click on image to enlarge)

(Click on image to enlarge)

(Click on image to enlarge)

(Click on image to enlarge)