Stocks And Precious Metals Charts - Slowly, Then All At Once - Customary Payroll Shenanigans
The Non-Farm Payrolls report came in much stronger than expected, which seemed to lock in the next Fed interest rate benchmark action at 75 basis points.
In what seems to be a new daily event, stocks spent the morning with losses and managed to go out with gains in the quiet trading of the afternoon.
Such markets do not inspire calm confidence, lacking all conviction, and seem extraordinarily vulnerable to data shocks and exogenous events.
Gold and silver were marginally.
The dollar fell back a bit.
The VIX fell further towards its key moving average support.
In surprising news, the former PM of Japan, Shinzo Abe, was brutally assassinated in public during a campaign speech.
Such are the times.
Stock market option expiration next Friday.
Physical inventories of gold in Hong Kong are rather low.
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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