Stocks lost ground in an edgy trade today.

I suspect that the impending trade tariffs and concerns about war in the Mideast were weighing on the risk assets.

There was a fairly impressive wash and rinse in Bitcoin over the weekend.

Trump announced his preference for a strategic crypto reserve, and that sent Bitcoin and some of its ilk soaring.

But alas, it turned out to be an opportunity for those who had some heavy long positions to dump their holdings at a profit, and Bitcoin slid back down fairly quickly.  

If you did not see this coming you *might* be quaffing deeply of the true believer kool-aid.

Bears make money. Bulls make money. Pigs get slaughtered.

Wash and rinse. It's what they do.

Gold and silver popped today, after last weeks pounding.

VIX rose sharply.

The Dollar slid steadily.

Non-Farm Payrolls on Friday.

Have a pleasant evening. 

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