Stocks and Precious Metals Charts - They don't care

Stocks managed to gather themselves and rally in the afternoon, although techs finished well of the highs. All eyes are on the SP500 and its bid for a new high.

Stocks managed to gather themselves and rally in the afternoon, although techs finished well of the highs.

All eyes are on the SP500 and its bid for a new high.

The Michael Milken Conference is ongoing this week in Beverly Hills, and pundits have been appearing from there frequently during the day on financial television to inform us.

About as insular and myopic as you might expect from such a gathering. Kind of a  frat party for the pampered princes of finance.

Gold and silver were up with the Dollar.

The VIX hit another near-term low. The lowest since the beginning of the pandemic I believe.

Gradually, then all of a sudden.

And they never see it coming.

They don't care, and we don't believe in it.

Have a pleasant evening.

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