"Then he added, “'Now go and learn the meaning of this Scripture: ‘I want you to show mercy, not offer sacrifices.'”
Matthew 9:13
"The master summoned him and said, ‘You wicked servant! I forgave your entire debt because you begged for mercy. Should you not have had pity on your fellow servant for his debt, as I had pity on you?’ Then in
anger the master handed him over to be tortured until he paid his entire debt. So will my heavenly Father do to you, unless you forgive others, from your heart.”
Matthew 18:32-35
"Then they will answer, ‘Lord, when did we see you hungry or thirsty or a stranger or naked or ill or in prison, and not minister to your needs?’ And He will say, ‘Truly, what you did not do for one of the least of these, you did not do for me.’ And those who were heartless will go to eternal punishment, but the virtuous to eternal life.”
Matthew 25:44-46
"Blessed are the merciful, for they will be forgiven."
Matthew 5:7
As you may recall I said that the equity markets are still 'bubble-friendly' a few trading days ago.
And so they are.
It was 'risk on' as stocks took back their recent losses.
The Dollar slipped off the 92 handle, just.
VIX dropped to its short moving average.
Gold and silver had big bounces.
I think a lot of this was an unwinding of 'technical trades' designed to skin the broader trading public.
Let's see what tomorrow brings.
The short end Treasury auction was well bid, bringing some relief to the markets overall.
Keep an eye on the Treasury auctions tomorrow for a tell on the technicals at the longer end.
Have a pleasant evening.
