Dollar Fades, Commodities Up: All is Well in Crazytown, USA

Okay, for some reason people don’t believe the Fed will hike rates any time soon today. Thanks to this belief, which is entirely logic based, commodities are getting a new bid, led by gold and silver–up 0.8% and 2.2% respectively.

The dollar is down 0.55% v the euro and bonds are trading higher.

Notice how whether the market is trying to price in a Fed hike or not stocks rally? That’s called a bull market. Good news is great and bad news is good. Nothing can go wrong. As such, we all dive into the markets, headlong, and prepare ourselves for fantastically gay gains. The only problem with a pornographic tape, such as this, is the presence of the canaille. You know, the asshole who doesn’t deserve to bank coin in the market–due to lack of talent and genetic ties to very old and prestigious American families? Yeah, those guys will soon get flushed out, like city trash down a storm drain after a healthy downpour.

Sure, at the moment, it’s very sunny and wonderful. The birds are chirping and the people are singing, whilst playing the harpsichord. But very soon the mood will turn to be dour and grim and all of the birds will be dead and the people will be maimed and carelessly tossed aside whilst wild gorillas stomp out the fucking harpsichords.