Friday, February 03, 2023
We did see some selling today but it could have been worse. The employment report had an upside surprise. However the tone of the market has changed and there seems to be plenty of money for equities at the moment. If this was last year we would have had a rout in stocks today. But it isn't last year and we have to adjust our expectations and trading plans accordingly. I am still in recovery mode from the emergency room visit on Wednesday but hopefully the blog will be back to normal on Monday. Do note that gold has gotten crushed in the last two sessions, including down over $50 today. I'll be resting over the weekend to try and get back to things next week.
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