01 December 2017

Stocks and Precious Metals Charts - Copping a Plea, Tax 'Reform', Non-Farm Payrolls

"Let justice flow like a river, and righteousness as an ever-flowing stream."

Amos 5:24

I was tempted to title this Red, White, And Screwed,  borrowing a phrase from comedian Lewis Black. Alas, I am not worthy.

The markets tanked around 11 AM on the news that Michael Flynn is copping a plea to lying to the FBI as part of a deal that will have him providing testimony against peers and higher in the Trump Administration.

The markets then proceeded to claw back most of their losses on news that the GOP 'tax reform' appears to be able to obtain the sufficient votes in the Senate to pass. The two bills, from the House and the Senate, would then have to be reconciled in conference.

I spent the better part of the day helping my goddaughter obtain her first driver's license. It was a laborious process, but in the end the prize was achieved, and she was happy.

There will be a Non-Farm Payrolls report next week, for the month of November. I include the economic calendar below.

It's never the crime that gets them in trouble; it's always the cover-up.

Have a pleasant weekend.