02 August 2018

Stocks and Precious Metals Charts -Clown Cars Rampant on a Field of Greed - AAPL Gets Four Comma Market Cap

"Wealth, in even the most improbable cases, manages to convey the aspect of intelligence."

John Kenneth Galbraith

“The downward spiral of dumbness in America is about to hit a new low.”

Hunter S. Thompson

“Sometimes I wonder whether the world is being run by smart people who are putting us on, or by imbeciles who really mean it.”

Laurence J. Peter

Stocks climbed higher today led by big cap tech, which in turn was led by Apple, which managed to close as the first trillion dollar market cap US stock. Huzzah!

The US Dollar managed to close over the 95 handle again on expectations that the Fed will keep raising rates because of our strong recovery.

Gold and silver sold off a bit in anticipation of the Non-Farm Payrolls report tomorrow, as hedge funds pile in on the short side of the futures.

The Trump EPA has decided to bailout the US auto manufacturers, and the middle finger to consumers and the environment, and is rolling back fuel efficiency and emission targets.  Yay us!

Did anyone else notice that Russia is positioning its military on the border of Syria and the Golan Heights?   I think not.

Need little, want less, love more. For those who abide in love abide in God, and God in them.

Non-Farm Payrolls Report tomorrow.

Have a pleasant evening.