Stocks did a risk on rally that ended a bit flat.

There is little doubt in my mind that these market 'saves' are being conducted by Bessent and the ESF team at the behest of Trump who watches the stock markets as an indicator of his performance.

When the leveraged mispricing of risk collapses we may see something historic.

Gold and silver were under pressure of course.Trump and crew are crypto people. It's easier to make money that way.  

Bitcoin bounced back a bit.As I have long believed I think even more strongly that crypto is a thinly disguised control fraud.

VIX dropped sharply as the Feds came in to pour oil on the troubled waters of Donald's rants in Davos.I was in Davos many years ago about this time of the year for a pan-European business meeting.It was damp, and I had an awful head cold.But the Swiss train service is exceptional.I love Switzerland, as pricey as it may be.

Have a pleasant evening.

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