“Love endures everything, love is stronger than death, love fears nothing. Help me, Lord, that my eyes may see all with mercy, so that I may never suspect or judge from appearances, but look deeper for what is good and beautiful in others' souls, and then come to their aid. Truth wears a crown of thorns. Let all my nothingness be drowned in the ocean of your mercy.” Maria Faustyna Kowalska"Blessed are the merciful, for they will obtain mercy." Matthew 5:7
Stocks were in rally mode today, with the major indices going out on the highs.
The main suspects was Trump's return to DC after his weekend stint in the hospital, but more likely the better than expected PMI data.
And perhaps even more significant was the movement in the long end of the yield curve, which signals to some that the Fed's great experience for growth through inflation is succeeding.
The VIX rose today, along with gold and silver, so this was not so much a clear 'risk on' event.
And the Dollar slumped a bit.
So taken on in overall context, this may have been a flash of optimism about the economy.
Let's see how well the flash carries through into the week.
Gold and silver have not yet broken out.
Have a pleasant evening.
