10 July 2023

Stocks and Precious Metals Charts - Your House Is Made Desolate

 

"Sin has many tools, but a lie is the handle which fits them all."

Edmund Burke

"You who make wicked judgements, who write oppressive laws to deprive the needy of justice, and to rob the poor of their rights, that widows may be your victims, and that you may make the orphans your prey— what will you do on the day of reckoning, when the consequences come from afar?  To whom will you run for protection, and where will you hide your riches?"

Isaiah 10:1-3

"They will be unloving and unforgiving; they will slander others and have no self-control. They will be cruel and hate what is good. They will betray their friends, be reckless, be puffed up with pride, and love pleasure rather than God. They will act religious, but they will refuse the grace that could make them righteous."

2 Timothy 3:3-5

"The market ideology is now the new form of imperial power and many of us, without any critical reflection, have signed onto that and organized our lives."

Walter Brueggemann, Truth Speaks to Power

"No one can serve two masters, for he will hate the one and love the other, or he will be devoted to the one, and be neglectful of the other. You cannot serve both God and mammon.' The Pharisees, who were money loving and covetous, heard all these things and sneered at him. And Jesus said, 'You justify yourselves in the sight of others, but God knows your hearts.'"

Luke 16:13-14

Stocks did a churn and burn today, rotating around the opening and finished with little change.

The Dollar continued to slide.

VIX rose.

Gold and silver did an intraday wash and rinse.

Earnings season is coming.

A rebalancing of the Nasdaq 100 will occur around the 21st-24th.

Have a pleasant evening.