Stocks And Precious Metals Charts - Fed's Surprise

Stocks were stumbling this morning, with the financials being a general drag on things, while tech and the new era was a little more resilient

The Fed surprised the markets a bit with their dovish statement at 2:00 PM.

And so the Dollar and the Treasury yield took a dive, and stocks and gold/silver took off higher. It was a remarkably sharp reaction.

Fed Chair Jay Powell must have used the word 'patient' about thirty times in his press conference. 

But, somewhat ominously, stocks were not able to hold that sugar high into the close.

The financial sector continued to be a drag on the indices, pulling down the SP 500, even as tech managed to hold some ground.

Ominous if stocks cannot rebound tomorrow.

Any number of things are weighing on stocks. I think you know what they are, even if the mainstream media doesn't.

Today is the first day of Spring. And I spent all morning again working in the yard, and loved it. I only came back in for the Fed's statement.

Have a pleasant evening.

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