A week ago the risk markets were rallying heedless and hard on storied expectations of an 'immaculate disinflation.'

The Wall Street storytellers were spreading this fantasy aggressively. For that is what they do.

But alas, this week the belief in a painless soft landing has dissipated, and the markets fell, hard.

And so rinse follows wash. And the capital of a nation continues to be transferred.

It's just how things are. And questioning the narrative is disloyal to the status quo, the privileged few, and their cadres of sock puppets, breathless boobs, political Pharisees, and compromised deniers.

This is how entire nations have been transformed into war-scarred wastelands.

So stocks fell, hard, and went out near the lows.

Gold and silver even more so were hit a bit, as risk perceptions reverted to the mean.

The Dollar chopped sideways.

There will be a stock index option expiration on Friday.

Have a pleasant evening.

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