[…] Stocks were on a tear higher today after the ‘better than expected’ US Non-Farm Payrolls report.
Gold and silver withstood the early gut check on the longs, and turned around and headed higher.
I think time is going to tell an interesting story about the quality of the economic data coming from this Administration.
And so the fabulous tech giants reached a new all time high, before retreating a bit in to the close.
The broader market continue to show a striking lack of confirmation.
The SP 500 once again closed below the ‘failed rally’ resistance level on the futures at 3130.