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Sick of earnings yet? Sorry, got another big week

ahead, roughly 20% of the SB 500. Living hell if you follow a lot of companies like I do.

Fortunately, we're coming in cold. We got a nice pullback today, Dowd dipping 179 points,

SMD declining point 4%, NASDAX shedding 0.94%. But actually a little oversold.

Now, that could allow us to get a good balance if we get any good earnings numbers, given that the

market fought back hard for the lows today, which is a very bullish development. But before we get

too far into the game plan, let's talk about the biggest deal of the week. And that's the nomination

of Kevin Warsh as the next chief of the Fed. Warsh is a banker. He's a financier. He's a real smart guy. He's rigorous. He understands he's disciplined. At the same time, he's dealing with a president who acts like he wants to be Warsh's boss, even as the Fed chief once selected. It's supposed to be independent of the executive branch. Tricky situation here,

especially after what we've seen happen to our current Fed Chief Jay Powell. Trump hated the

Powell, whom, by the way, he appointed, was so independent refused to cut interest rates on

demand, so he was endlessly ridiculed. I do think Warsh knows the penalty he might have to pay

for going against Trump, instant and incessant Hectoring on true social. Well, literally, hmm, that's something probably new to Warsh. We'll be spared rancor as long as Warsh does the president's bidding, but he's got to be careful. The president does act as if the Fed is just another agency, and the chair, immediately another cabinet member. I know there's no quid pro quo here, but there could be some costing fireworks. Bad for stocks if things really go awry. Bad for you and me. Of course, I don't think the market went down today because of this Fed pick. It was a market that was led by the collapse in silver, selling down a staggering 31% and a dive-and-goal, which was down only about 11 percent, and a harrowing in a bunch of weaker tech stocks,

while the defensive stocks soared.

Convalued recession, frantically.

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