Image Source: Pixabay

A whiff of reality wafted through the equity markets today, as the dose of dovish joy delivered by the Fed's Dr. Feelgood began to wear thin.

VIX still remains in the nominally complacent level, at least by this year's experience.

The Dollar chopped a little higher.

Gold finished up a bit as well, moving with the Dollar in a risk adjustment.

Silver ran with equities, but managed to hold it's level finishing unchanged.

There was a military exchange between Hezbollah and the IDF over the weekend.  

The reported results in the Western media were heavily flavored by the fog of war.

Read most of the accounts in the corporate media with a very critical eye.

It was an exchange, and more a prelude, as each side felt the other out.

And so it goes in the Ukraine, as the Kursk salient grinds down.  

I suspect the bear is waiting to close its jaws, as it is occupied on more serious business elsewhere.  

Let's see what happens.

Personally I think this military action is deplorable and unnecessary on all sides, and makes no sense excepting for the venality and egos of some leaders and their cronies, who are not particularly interested in the well being of their public.

But this is how war often is. For the benefit of a few, at the often extreme expense of the many.

Have a pleasant evening.

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