Gold Hits New Record High; Dollar & Bond Yields Soar On ‘Good’-Data, ‘Trump-Trade’ ‘Soft’ (Philly Fed & NAHB) and ‘Hard’ data (Retail Sales, Initial Claims) improved today but manufacturing production shit the bed… Source: Bloomberg Ignoring the manufacturing slump, this data reinforced the ‘no landing’ narrative and pushed rate-cut expectations notably (hawkishly) lower… Source: Bloomberg Additionally, The Trump Trade has taken hold of the narrative for now… Source: Bloomberg Goldman’s Chloe Garber told clients today that Polymarket is priced at 60/40, there is ~1.5% upside to 65/35 odds, and 4% downside to 50/50 odds. “I think there is a possibility… — Continue at ZeroHedge News : Read More
Home » Gold Hits New Record High; Dollar & Bond Yields Soar On ‘Good’-Data, ‘Trump-Trade’ – Tyler Durden