09 March 2018

Stocks and Precious Metals Charts - Resistless, With a Thundering Tide

"For fools rush in where angels fear to tread.
Distrustful sense with modest caution speaks;
It still looks home, and short excursions makes;
But rattling nonsense in full volleys breaks;
And never shocked, and never turned aside,
Bursts out, resistless, with a thundering tide."

Alexander Pope, An Essay on Criticism

Stocks took off after the Non-Farm Payrolls report came in much higher than expected.

Wages came in rather weakly.

Even gold and silver managed to rally on the back of a slightly weaker dollar.

So what was this, risk on or risk off?

Or perhaps it was just irrational exuberance, dying to break free of this dull and dreary world.

We will be getting quite a bit of economic data next week, including some key inflation measures.

I will see you all next week. 

And until then, don't forget to love.

Have a pleasant weekend.