SP 500 and NDX Futures Daily Charts - Up, Up and Away On Apple Expectations

US stocks managed to close higher today, led by the tech-heavy NDX which is rallying in anticipation of a new product introduction from Apple tomorrow.

I think the Nas even managed to close at a new all time high today. Well done, Fed.

So here is the stock market, all dressed up, but with no place to go. The real economy cannot afford a date.

Have a pleasant evening.

Gold Daily and Silver Weekly Charts - Out of Season

The Jobs Report came in light in key areas of wages and hours worked, in addition to the net number of jobs added.

And so the market rallied, on expectations that the Fed will stay its hand in September.

There is a bit of mixed sentiment, with the defenders of the statist quo like Goldman Sachs, the NY Times, and the Washington Post suggesting that this was a goldilocks report that opens the door to a Fed interest rate increase.

However, the rest of the market which is saying that there is no sustainable recovery, and therefore the data does not warrant it.

And so gold and silver rallied a bit on the back of a weaker dollar. The US needs a stronger dollar like they need another Clinton in the White House. Although Trump is certainly no better, just differently bad.

The States will be on holiday on Monday, celebrating those who labor. Ironic, because the policy of the ruling class pretty much hold those sorts in contempt.

Try to carry on without the imperial guidance.

A hurricane will be blowing its way up the East Coast this weekend. It is that time of year again.

Have a very pleasant weekend.

SP 500 and NDX Futures Daily Charts - The Long Weekend

“The books which the Holy Spirit is writing are the living, with every soul a volume in which the divine author makes a true revelation of His word, showing it to every heart, unfolding it in every moment.”

Jean-Pierre de Caussade, The Sacrament of the Present Moment

The Jobs Report came in light this morning, with a special nod to the average hourly wage and the hours worked, both of which missed projections.

There will be a three day weekend in the States, as we celebrate Labor Day.

How ironic, given the disdain that the ruling class holds towards those who earn their livelihoods through real labor.

Have a pleasant weekend.