The plunge protection team must be at lunch right now because the markets are looking slightly real. They were similarly down early yesterday but caught some big bids to keep the losses low.
All the major US indices down again 👇
The majority of global indexes traded down Wednesday, a lone few squeaked out gains.
The dollar is gaining further strength, pressuring emerging markets & global currencies alike. Bitcoin still stuck in that 6k trading & accumulation range, for now.
Precious metals are holding up well despite the strong dollar. This is a bullish safe haven type signal when stocks sell off, the dollar strengthens & gold & silver maintain or gain. They are still at the low end of the manipulated range & a great time to load up before the range breaks, most likely to the upside, thanks to all that funny money creation + price suppression.
Bond yields are either lowering with a flight to safety or are being intentionally suppressed to try to move money back into the overvalued stock market. Either way, they’re moving down today & may instigate money flowing back to stocks in search of better yields than lowering bonds.
There is a lot of risk out there, like walking through a rocky minefield on crutches while blindfolded. There are also some historical safe havens still at reasonably attainable price levels. They might not make you lambo money, but they have historically held value better than any propped up fake paper asset known to man.
I wonder if the PPT is back from lunch yet, they probably need a siesta after all that taxpayer caviar!