Stocks And Precious Metals Charts - Risk On - Us Markets Closed On Monday

There were stories in the financial media, increasingly upbeat stories about the US-China trade talks, both yesterday and today. Interestingly enough the storytellers were deliberate in having their 'sources' as considering the stories well worthy of skepticism. Supposedly China will be promising to buy 1.5$ trillion in US goods over the next six years to correct the trade deficit. 

The market could use the boost I would imagine, and Trumpolini likes the spectacle of big numbers. Let us see if there is any substance in this going forward, or is this just a further spray of mist in the fog of currency war.

Nevertheless, it was a full risk on into the stock market expiration and the three day weekend. US markets will be closed on Monday in observance of Martin Luther King day, a martyr to conscience whose principles are given lip service, but certainly not reflected in the conduct of our officials and elites.

Gold and silver were down a bit sharply and the Dollar was higher.

Stocks soared on an obvious short squeeze but finished off the highs.

There will be some rough winter weather heading into the Eastern US over the weekend. 

Have a pleasant weekend. 

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Peter Cooper 2 months ago Contributor's comment

US consumer sentiment reports are strongly negative suggesting the rally is just a bear market rally - a classic dead cat bounce - consumers are 70% of the US economy and you can't have a recovery without them:

seekingalpha.com/.../3424272-consumer-sentiment-unexpectedly-tumbles