'Please cut rates...Yes sir!'/USD continues down, platinum continues up/Company comments still very mixed

What's becoming really clear is that whoever the next Fed Chair will be, easier money is going to have to be their mandate in order to satisfy the boss. What doesn't have to agree is the longer end of the yield curve and it's going to be really interesting in coming years to see how the two sides of the yield curve are going to get along, or not.

Meanwhile, the US dollar continues to fall, particularly against the euro, with the DXY at a fresh multi year low and now at a level last seen in February 2022.

DXY

I've written on platinum as another metal we are long and bullish on and today it's rallying to the highest level since 2014. About 40% of platinum is used for catalytic converters (about 80% of palladium is used for this purpose) with the balance used in other industrial end markets, jewelry, tableware and as an investment metal. We are in the 3^rd year of supply deficits with the three largest global suppliers being South Africa, Zimbabwe and Russia.

Platinum

One of my go to earnings calls is from Paychex as they tap into the payrolls of small and medium sized businesses. This is what they said of note yesterday as their stock fell 9.4%:

From Paychex: