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 […]
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