Stocks went sideways today on very lackluster trading ahead of the Non-Fulltime Payrolls Report tomorrow.
To paraphrase Charles Dickens' Mr. Brownlow, the Fed is an ass.
Have a pleasant evening.
“Modern tyranny is terror management. When the terrorist attack comes, remember that authoritarians exploit such events in order to consolidate power. The sudden disaster that requires the end of checks and balances, the dissolution of opposition parties, the suspension of freedom of expression, the right to a fair trial, and so on, is the oldest trick in the Hitlerian book. Do not fall for it.”
Timothy Snyder, On Tyranny