Welcome to October, the month of unexpected falls from heights, and stock market tears.
Stocks were hard-charging higher this morning on the news that Canada and the US had come to an agreement on NAFTA II.
But alas, the euphoria wore off in the afternoon, and stocks finished little changed, with the broader small caps getting spanked in particular. Not a good sign for bully.
Gold and silver were lower on the ‘risk on’ feeling this morning but recovered quite a bit as the day wore on.
We will be having a Non-Farm Payrolls report on Friday for the month of September.
And a beautiful early Autumn day it was here, the kind of weather that beckons you outside and away from the hysterics of ideologues and the privileged, pampered professionals.
Have a pleasant evening.
