Maybe the boys go to the Hamptons early and party a couple weeks before the Labor Day party nowadays. They certainly can afford to with a SM that’s gone straight up for the better part of 15 years.
Everything is pretty much flat except crypto, which is being beaten down again. Oil, SM are flat. Dollar is up a little, even though rates are down almost 3 bips.
PM’s and shares are up modestly, but struggling with $33.50 and $38.
No eco data today.
We’ll see if Zelensky wears a suit to the meeting and whether a peace deal can be achieved. I have my doubts. I suspect the cretins from the EU have probably told him to agree with everything while we’re meeting and then after the meeting tell the press that whatever Trump and Putin proposed is unacceptable to Ukraine. The elites need this war too much; they need the US to be involved and distracted while they finish the job of destroying their countries and overturning elections.
BTW – I saw a protest against law and order, safe streets, parks and restaurants in DC Saturday. 90% of the crowd was white, while 50% of DC is brown and black. I’m guessing it was a bunch of liberal permanent government types that got fired in the past few months. I guess that’s what it’s come down to in this country, whatever the current admin is doing is bad, even if it’s good.
I also saw a post from Comey saying how he’s a Swiftie and listens to Taylor Swift to “cope” with Trump. What a wuss. How does a guy like that run the FBI, ever?
Had 3 more vertebrae fused last Thursday. In a fair amount of pain at the moment, but I think it will be worth it in a few weeks. Been a long year physically, the old body needed an overhaul.
Saw the Captain’s post about Chinese insurance companies having to hold some physical gold. It can’t hurt us I guess, but wish it was more than 1%.




