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Stocks did a fairly impressive 'pop and flop' today,' as the rally lost steam at new highs and then properly folded like a house of cards, finishing unchanged or in the red.

The 'tell' for this was the almost shocking lack of breadth in the rally, being driven by program buying in a few stocks that weigh heavily on the NDX and the SP500.

The Dollar rallied during the day trade. 

Gold and silver were smacked down in NY again.  

I don't think the current Administration likes them. They are disobedient, and implacable in the face of political demands and directives.

Talk to the gram. 

Donnie dealt with the Epstein files controversy by pointing at AG Bondi saying, 'It's up to her.' 

VIX is barely aware of what is going on.

CPI came in on the warmer side this morning. PPI tomorrow.

America's disastrous economic policies with regard to tariffs are going to bite. 

Bitcoin turned back from its all time high.

There will be a stock option expiration on Friday. 

We had some fairly serious flooding here yesterday. Our particular area is on higher ground, so we were mostly spared, although the lower areas south of us got clobbered. 

I was getting flash flood alerts on my phone, and at one point the State Police advised people to 'stay off the roads.'

Daisy and I sheltered in place on my recliner.   

It's always something,

If you think deeply, you may realize that reality is eternity. 

Have a pleasant evening.
 

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