It was quite a weekend. The US Senate was working overtime on their uber-expensive infrastructure bill, setting the stage for
Obama’s Biden’s $3.5 trillion spending spree.
How are markets receiving this news of gargantuan spending by Washington DC?
Commodities are down pretty much across the board this morning, led by an almost 4% drop if WTI Crude. Metals are off too, led by a 3% drop in iron ore futures.
There was also a flash crash in gold and a spike in Bitcoin as the US Dollar dropped. Notice that gold recovered somewhat.
Oh and Covid Czar Anthony “Dark Eye” Fauci is in the news … again … terrifying the world about Covid mutations and vaccinations.