Stocks And Precious Metals Charts - Presidents' Day Monday

It was a risk-on day today ahead of the three day weekend with the markets closed on Monday for the federal holiday of Washington's Birthday, also popularly known as Presidents' Day.

Stocks went out near all-time highs.

The VIX dropped to a recent low.

Gold and the miners were hit, although they managed to gain much of that back by the close.

Today was the Lunar New Year, a widely celebrated holiday in Asia.

And like the slightly more significant Golden Week holiday in China in October, it is an opportunity for Western Bankers and Wall Street to take potshots at the metals while the big buyers of physical are on holiday.

The Impeachment Part Deux slumbers on.

With the valuations of stocks at the current level, the odds of a 'market break' from about now until April have become elevated.  

A stimulus package may diminish, but not eliminate, that possibility.

Have a pleasant weekend.

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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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