life during wartime
market vibes
March 26…)
[This ain’t no dot-com, no GFC. This ain’t no foolin around. The sound of gunfire off in the distance. I ain’t got time for that now.] (D. Byrne my edits)
A ton of economic data this morning Philly Fed seems to be important.
In the markets all charts are in continuous daily data today
Copper is back on the highs gentle up auction. There's no sign of failure in the trend.
Silver is up because it is up. Silver is the proud recipient of a distinguishing absence of any narrative whatsoever! And the winner of the "lowest volume since New Year's Eve" award yesterday. Market vibes readers are keenly aware we tag that honor to various markets across the board regularly. Good job silver!
Gold is earning its titular laconic equanimity without breaking a sweat as usual. If gold ever cared to comment on current events, which it rarely deigns to do, it would probably drawl, "Keep your pennies, pal." Or, "Call me next year, pal."
In fact…Metals have become the “set it and forget it” trades of the year.
Onward to bonds and a (possible) safe entry for a bull, a fairly deep dive into the specious world of stock indexes, and why oil is rallying into the Trump economy… here we go.
