The only real interesting headline is from Appaloosa Hedge Fund

There is very little news today. The only real interesting headline is from Appaloosa Hedge Fund President David Tepper telling CNBC that he’s still bullish on stocks and investors shouldn’t worry about the US Fed tapering its massive bond buying program. This is really the first time that an influential hedge fund manager is telling investors that the tapering of QE will not cause a significant sell off in the US stock markets. I think the fate of the commodities will be quite different when the Central Banks does end QE and start raising interest rates. Gold, silver, and platinum are still range bound today but palladium made an breakout move above 725 on above average volume. We would buy the dips and sell the pops in these seesaw markets. Have a wonderful day.