The PCE inflation number came in a little higher than expectations today, so Wall Street decided to hang out the laundry.

The Dollar rallied.

Gold, and particularly silver got hit hard.

One data point, or even a few, do not make a trend.

I suspect the Fed will just stick to its 25 bp rate increases for now.

Crushing the real economy in order to correct for the Fed-induced inflation that benefited only the one percent and the financiers seems only fair.

Today is the first anniversary of the Ukraine-Russia war.

As George Orwell said, 'War against a foreign country only happens when the moneyed classes think they are going to profit from it.'

Have a pleasant weekend.

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