Stocks wanted to bounce today, and they managed to pull it off, although finishing well off the highs.

VIX fell.

The Dollar rose sharply.

Gold and silver opened lower and pretty much finished up there unchanged for the day.

Alphabet (GOOGL) reported after the bell, and the stock was sold.

Microsoft (MSFT) beat warnings and the stock was higher.

META, the vanity project formerly known as Facebook, reports tomorrow.

A shockingly large amount of the stock gains in the SP500 are attributable to just a handful of stocks.

Exogenous issues continue to weigh heavily, despite the assurance of the spokesmodels and strategists to just sit tight in equities or buy more. 

Apparently there has been an "unprecedented departure" of the Chinese banks from the LBMA Gold Price auctions.  

You probably have not heard about it. You can read about it here.

Have a pleasant evening.

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