Stocks And Precious Metals Charts - Gathering Of Vultures
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Stocks managed to bounce back today after last week's rough declines.
Gold and silver were higher.
The Dollar was higher.
VIX fell.
The news to watch this week will be the CPI on Wednesday, and the PPI on Thursday.
There seems to be a consensus that the Fed will be making their 'pivot' official, and offer up a rate cut at their next meeting this month.
The debate is whether it will be 25 or 50 bp.
If it is 50 I would expect it to be due to the proximity of the Presidential election, so they will cut big once and then stand aside until after that event.
But let's see what happens.
Have a pleasant evening.
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