Stocks And Precious Metals Charts - A Wave Of Enthusiasm
A wave of enthusiasm for a Fed pivot to rate cuts took the markets by storm, given the mild PPI numbers.
This was reflected in another sharp decline in the dollar back toward the DXY 100 handle.
Gold and silver rose higher, and are now pushing up against breakout resistance levels.
Equities also had a made rally with the SP 500 now firmly set against the resistance that has triggered several failed rallies in the recent past.
VIX is showing some complacency.
Let's see how we do tomorrow and into the weekend.
Have a pleasant evening.
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