Stocks And Precious Metals Charts - Stocks Celebrate The Levi-Strauss IPO

Stocks were in risk on rally mode today, in some part in rejection of the dovish implications of the Fed's statement yesterday, a 'better than expected' Philly Fed number, good financial results from Darden, due largely to The Olive Garden (ugh 🤮 ), and last but certainly not least, in exuberant support for the largest IPO of the year, Levi-Strauss.

It looks like we might have another blow-off top in the works. The tech sector was rampaging higher today. When in doubt break glass and recycle the last bubble. Let's see how much more these jokers can squeeze out of this.

Gold and silver were off quite a bit in the morning but managed to gather most of it back into the close.

The existing deadline for Brexit is in about 8 days, although there is quite a bit of talk about the EU granting a brief extension. PM Theresa May was blaming Speaker Bercow for her inability to stage a third vote, which she assured the Europeans that would have passed. Uh huh.

Have a pleasant evening.

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