Stocks And Precious Metals Charts - Metals Options, FOMC, Non-Farm Payrolls
I neglected to mention it yesterday, but the hedge fund Citadel turned in a record-breaking $16 billion in profit last year.
Citadel is the top player in the 'pay for order flow' innovation adopted by most of the retail brokerage firms.
Even though Citadel pays to take the orders from the brokerages, we are assured that it's all a win-win for the small retail investors, and certainly the brokers who received roughly $3.8 billion in compensation.
When you don't know who the loser at the table is...
Stocks were wobbly all day, but voila, the futures shot into the green at the close on the release of Microsoft's financial results.
Cloud, artificial intelligence, yadda yadda.
Let's see what kind of guidance they give tomorrow morning on the conference call.
I'll be impressed when Robo-brain figures out how to stop spam phone calls and emails.
And how the heck no one seems to have vetted George Santos before letting him slip into the halls of highest power in the world's most exceptional country.
The Dollar slipped a bit.
Gold and silver turned in gains. No breakouts yet confirmed.
Precious metals are facing a short term gauntlet, with the option expiration on Friday and the FOMC midweek and Non-Farm Payrolls next Friday.
VIX fell a bit.
What us worry?
Have a pleasant evening.
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Disclaimer: These are personal observations about the economy and the markets. In providing information, I hope this allows you to make your own decisions in an informed manner, even if it is from ...
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