Founders: RBC on Gold, Nice Oil Report

The late day re-rally in metals/stocks was on the back of Fed speakers sounding dovish.

Good Morning.

Markets:

The late day re-rally in metals/stocks was on the back of Fed speakers sounding dovish. Today there are a gaggle of them speaking, so watch for sensitized markets to look for more signposts. The RBC report below is a quick take, nothing we don’t know. The Oil report however is a good one.

Data:

• 5 Fed speakers today

• 10:00 am Wholesale inventories Aug. -0.1% -0.1%