Stocks dropped as the grudging realization that the Fed is most likely to only cut rates a few times this year, and later than expected, finally managed to sink in.

But don't think that they won't rally stocks again at some later date, based on the same old lies.

They just pretend to be sincere.

Gold and silver rallied and then backed off a bit.

We are heading into an FOMC meeting next week and Comex metals expiration on the 26th.

Have a pleasant weekend.

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