Recap: Stocks Up, Gold, Oil Down- doesn't add up

Futures Performance

Market Summary

-Stocks up, Gold Down , Oil down, and USD up.

-Strong Consumer Confidence Index implied that the Fed could raise rates before yearend strengthening the USD

-Precious Metals  sell off on the stronger Dollar, yet stocks rally despite the rate hike implications.... hmmmmmm

 

Our Take: Showing up is the new "Killing it"

Wall Street breathed a sigh of relief that Hillary showed up to the debate with the bonus of actually winning it. Stocks rally, Gold is Sold. The market "tell" was that Gold slumped and Stocks rallied as the debate started. And Trump was in charge for the first 15 minutes.

  1. Precious Metals were sold  allegedly on a strong CCI increasing the likelihood of a rate hike
  2. Equities were higher today DESPITE the increased likelihood of a rate hike on strong CCI
  3. Grains rallied off their lows
  4. Energy was sold across the board on the the lack of true agreement on OPEC productions cuts vs marketshare

 Hillary Celebrating Post Debate- The EYES Have it

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GoodLuck

 

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