Stocks And Precious Metal Charts - As It Was Expected

By Jesse of Jesse's Cafe Americain

Wednesday, July 26, 2023 6:50 PM EDT

The Fed did as it was expected, and the markets were taking it fairly well.

And then Jay Powell said that he did not see the Fed reaching their 2% inflation target until 2025.

Well, the markets did not want to hear that.

Gold and silver managed to bounce back, having taken most of their smackdowns earlier in the week.

The Dollar slumped.

The stock markets slumped, recovered, and then fell back down again.

The VIX fell.

Smells like teen spirit.

Have a pleasant evening.

(Click on image to enlarge)

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Disclosure: Information in “The Felder Report” (TFR), including all the information on the Felder Report website, comes from independent sources believed reliable but accuracy is not ...

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Stocks And Precious Metal Charts - As It Was Expected

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