Stocks traded weakly once again ahead of the Consumer Price Inflation data due out tomorrow.

We will see the Producer Price Inflation information on Thursday.

Gold was edging higher most of the day. Silver was unchanged to a bit lower in sympathy with equities.

The markets are having a bit of a time trying to price in the risk of the Fed doing something exceptionally stupid.

And of course, the exogenous events, especially geo-political, are heightened.

The professional wrestling staged drama of 'the debt ceiling' can always get out of control.

We are in that difficult post-bubble period that follows on the past two Fed-induced asset bubbles.

This is the third time we have been here since 2000.

Have a pleasant evening.

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