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Stocks were wobbly today, and lacked the kind of support they have enjoyed the last few weeks that helped pump some new life into the tariff-plagued bubble.

VIX is wallowing around on the low side. There was no panic in the tape today.

Gold and silver rocketed back higher today, as they are often wont to do after a Non-Farm Payrolls smackdown.

These guys have no shame and even less accountability.

I think the US is heading towards a disaster, and there is a pronounced lack of adult supervision.   

So it may get quite messy.

But it is what it is.   

China is back from its May holiday. Their buying will be felt in the markets tomorrow, but I suspect some of their fellows came back a bit early to take some tasty positions in the metals.

This flight to quality may continue to gain momentum, as nations recoil from what they perceive as unpredictable madness.

My goal is to navigate the markets with some success, and that requires me to see things as they are, and not as I might wish them to be.

Have a pleasant evening.

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