God is Love. Love casts out fear. Even the most ardent, seeking to change the world, to overturn the tables of the money changers, is trying to make a world where it is easier for people to love, to stand in that relationship to each other. There can never be enough of it."
Dorothy Day
“To whom will the sublime beauty of a sunset or a Ninth Symphony of Beethoven reveal itself, but to one who approaches it reverently and unlocks their heart to it? To whom will the mystery that lies in life and manifests itself in every plant reveal itself in its full splendor, but to one who contemplates it reverently?
But those who see in it only a means of subsistence or of earning money, that is, something that can be used or employed, will not discover the meaning, structure, and significance of the world in its beauty and hidden dignity.”
Dietrich von Hildebrand, The Art of Living
A high side CPI print and a weak 30 year treasury auction had US debt yields rising.
And with interest rate concerns came the inevitable weakness in cyclical recovery stocks, and a minor flight over to the 'growth' modern story stocks in big tech.
Gold managed to hold a gain, in what we might dare suspect was and to its inflationary resilience?
Silver fell down lower because of its industrial components most likely.
Jay Powell will be testifying to the Congress tomorrow.
The Fed Has Changed From a Central Bank to a Bailout Kingpin
There will be a stock option expiration on Friday.
Have a pleasant evening.
