​Gold Hits New Record High As ‘Trump Trade’ Takes Off; Crude & Mega-Caps Gain – Tyler Durden

Gold Hits New Record High As ‘Trump Trade’ Takes Off; Crude & Mega-Caps Gain ‘Soft’ Survey data today (from Philly and Richmond Feds) were better than expected BUT – and it’s a big but – inflation expectations are surging once again… Source: Bloomberg …and current and expected spending on software and equipment (cough AI cough) is plunging? Source: Bloomberg The surge in Prices Paid and Received dominated the downside in capex from the surveys and sent rate-cut expectations (hawkishly) lower again on the day… Source: Bloomberg So with all that said – and ignored – the market is now transfixed…  — Continue at ZeroHedge News : Read More