04 June 2021

Stocks and Precious Metals Charts - Jobs Lite - Markets Rebounding on Hopes for Continuing Fed Dovishness


The Jobs Report came in significantly weaker than expected, and certainly well short of the expansion implied by the ADP Report.

But the BLS reports are a funny old thing.

And so stocks and the Metals rebounded sharply, and the Dollar took a give back towards the 90 handle.

I really do not have a feel for the metals here, and am sticking with the sidelines for now.

They are attempting to break out, but are meeting some stubborn resistance.

It appears that JPM is in the middle of this.

Have a pleasant weekend.