Stocks and Precious Metals Charts – Quad Options Witching

from Jesse’s Café Américain:

May the road rise up to meet you.
May the wind always be at your back.
May the sun shine warm upon your face,
and rains fall soft upon your fields.
And until we meet again,
May God hold you in the palm of His hand.”

Today was the quad witching options expiration for stocks.

Stocks finished largely unchanged.

The economic data is coming in mixed as usual. It is very subject to interpretation and bias.

However, one of the clearer things to me at least is that without a decent increase in median wages and quality of jobs, full time and benefits versus part time ‘gig’ jobs, there will be no sustainable recovery.

This preoccupation with wage growth by the Fed and related economists is hard to stomach, when they turn such a blind eye to gross inequity and financial asset bubbles. Well, we love those whom we serve, and despise the others.

I have been preparing the queen for Spring break. She will be going with one of the god-daughters down South for a week’s vacation. And I will certainly miss her, but enjoy a week to myself.

The young man went to Boston with his friends for St. Patrick’s Day. He has now moved out of our house, having just come back last year from Brooklyn to help when the queen was physically disabled. He wanted to be closer to his university in NYC, and the two hour each way train and subway trip was getting old. He was a huge help and great company. He is my joy and my consolation.

So, a week alone with just Dolly. I think after I clean things up a bit, and catch up on the laundry, I might just enjoy some time off. Remodeling the bathroom did cross my mind, but it was a quick crossing. Why spoil a good thing.

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