Stocks And Precious Metals Charts - A Dovish Nod
Jay Powell delivered a dovish nod in his speech from Jackson Hole this morning, as one might have expected.
Stocks rallied.
Gold and silver rallied.
VIX fell.
The Dollar fell 82 cents back down to the 100 level.
Now Wall Street can occupy itself with trying to unwrap either a 25 or 50 basis point rate cut for the September meeting.
Fifty is not out of the question because I don't think the Fed will want to spread a cut closer to the November Presidential election.
Have a pleasant weekend.
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More By This Author:
Stocks And Precious Metals Charts - Powell's Speech TomorrowStocks And Precious Metals Charts - What Sorrow Awaits The Shepherds Of Lawlessness
Stocks And Precious Metals Charts - Jackson Hole
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