Stocks plunged today, on a combination of factors including more pseudo-hawkish comments from the Fed's Powell, gathering storm clouds over the Mideast, and lousy corporate earnings reports. Especially from companies with some material connection to reality.
It seems we had a risk off day all in all.
Gold and silver rallied.
The VIX rallied higher again.
The Dollar surprisingly lost ground despite the interest rate hawkishness.
Tomorrow is an option expiration for stocks, although certainly not a major one like the infamous triple witch.
We might see a two step, as the traders do their technical trading in the morning, and then square up for the potential uncertainties of the exogenous kind over the weekend.
Have a pleasant evening.
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