Stocks were off to the races, again, this morning as the economic data came in better than expected as expressed in the ADP private employment report and the ISM Non-Manufacturing Index.
It was a ‘risk on’ day, so gold and silver were off a bit and Treasuries were monkey hammered.
The Dollar moved higher on expectations that the US economy is both exceptional and transcendent.
There is a new movie being released into theaters called The Trump Prophecy. It is the product of Jerry Falwell’s Liberty University, and an evangelical movement that believes that Trump is God’s chosen one, and those who criticize him are the servants of Satan.
Did I mention a couple years ago that we were entering a period of hysteria? You are going to just love what comes next…Yikes!
The Big Tickles this week will be the Kavanaugh confirmation vote, if it should occur as his Mr. Turtle of the Senate has so ordained, and of course, the Non-Farm Payrolls report on Friday.
Have a pleasant evening.
