The spokesmodels were aghast at the 'super-hawkish' manner in which the Fed paused from their crusade to stem supply chain/profit driven inflation today by crushing the real economy as part of The Bubble Part Three.

After the sturm und drang of hawkish angst, the markets translated this drama into an intraday wash and rinse.

Gold and silver managed to end the day higher after a thrilling rally and plunge.

VIX fell.

The Dollar dropped again. 

And so Jay Powell had his moment, and then the markets got back to setting up the suckers for the big quad witch option expiration on Friday.

There will be a rinse for this overbought rally, but not until the time is ripe.

The spice must flow.

Have a pleasant evening.

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