Stocks And Precious Metals Charts - American Values
Stocks were attempting to rally back again today.
And early this afternoon in unprepared remarks during a routine Q&A Fed Chairman Powell surprised [shocked] the markets by indicating a change in outlook by the Fed, in terms of speeding up the taper, and in the manner in which they consider inflation as transitory.
A perfect setup, a drive-by market shock, for those trading 'in the know.'
Stocks tanked.
The Dollar which had been losing ground rallied sharply, climbing back over 96, but then gave it all up and finished lower by quite a bit for the day in the 95 handle.
Gold and silver were hit hard and did not recover even as the Dollar dumped again into the close.
The VIX soared.
Have a pleasant evening.
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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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