Stocks And Precious Metals Charts - O Brave New World

Stocks had another wide-ranging day, finishing mostly to the downside.

The Dollar fell back a bit off yesterday's grab at the 109 handle.

Gold and silver bounced back after six straight trading days of decline.

VIX was largely unchanged, hovering just below its 200 DMA.

I think we will see the risk markets continue to waffle back and forth until some additional guidance is given to them regarding the Fed's intentions, probably this Friday at Jackson Hole when Jay Powell speaks. 

Having no burdensome memory, and paying little attention to even recent history and reality, allows a people to go forward as if each day is brand new and open to their imaginative creation, without worry, moral impediments, and shame. 

In some ways the very definition of psychosis, formerly known as the 'lunatic fringe.' 

O brave new world, that has such people in it.

Have a pleasant evening.

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