Image Source: Pixabay

Trading is going to be very light this week, likely with an upward bias as we saw in the holiday trade last week, although we may very well see a back and forth action, as the wiseguys continue to reap the investment community and the real economy.

Gold is on the verge of breaking out.  It needs to take out 2080 and go for a run.

The Dollar continues to slump.

VIX remains complacent.  There is little provision being made for an exogenous black swan event, although the probability of one is elevated.   Risk assets are priced for perfection.

Consequences are rarely expected, and those that most deserve them experience the most intense outrage at having received them.   

This is hubris, and its willful blindness.  It brings down the proud and the willful.

Be not deceived, for God is not mocked.  As men sow, so shall they reap.

Have a pleasant evening.

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