Stocks did a major pop and flop today, after the impressive decline of yesterday.

The pop was probably due to the usual wash-and-rinse action.  

The flop seems to have been triggered by the stunning plunge in the stock price of NYCB, a New York regional bank.

Otherwise, the Dollar fell sharply.

The VIX was generally clueless.

Gold and silver extended their rallies, with gold setting another record high.

Powell will be continuing his song and dance before the Congress tomorrow.

Non-farm payrolls on Friday could move the markets.

Have a pleasant evening.

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