[…] Stocks were making another attempt to rally today, and were making some headway.
But the DC Drama Queen decided to unilaterally decided to cancel the Covid19 relief/stimulus discussions. And his sidekick Mitch decided to put the Senate into recess. Until he needs to vote on the Supreme Court nominee of course.
This was after Jay Powell’s warning that a failure to address this on the fiscal side would place the economy in a ‘tragic scenario.’
Gold and silver slumped along with stocks, the Dollar rose, and the VIX ran up again to overhead resistance.
And tomorrow is another day.
Have a please evening.