Pop and Flop - ECB Tomorrow

"If a man has a hundred sheep and one of them goes astray, will he not leave the ninety-nine in the hills and go in search of the stray?  And if he finds it, amen I say to you, he rejoices more over it than over the ninety-nine that did not stray.  In just the same way, it is not the will of your heavenly Father that one of these little ones be lost."

Matthew 18:12-14

Stocks made an attempt to rally today, that largely faded to nothing in the afternoon.

The dip buyers lack conviction and are quick to take profits.

No doubt that this is a side effect of the increased uncertainty, and therefore risk, in geopolitics and the economy.

Gold and silver went sideways despite a stronger Dollar.

Trumpolini had a fairly interesting squabble with Pelosi and Schumer in the Oval Office on live television today.   It reminded me of one of those kinds of family gatherings where the unconventional uncle puts the whole room into a tizzy.   I was just glad he never left the edge of the seat that he was perched so precariously on.  Now that would have been something to remember.

The ECB will be meeting tomorrow and is expected to make some sort of announcement about interest rates.

Please remember to feed the birds and His lesser creatures in this cold and barren winter weather.

I am going to be making a batch of winter melon soup à la chinoise this week. I was out gathering the essential ingredients from my friendly neighborhood Asian grocery store this afternoon. And of course I picked up a number of other essentials including a wonderful 'special lunch' and some dim sum.

Have a pleasant evening.