Just when the volatility sellers were heading to the beaches to bask in the glow of easy money comes the tweeter-in-chief to crush the complacency. The airwaves were full opiners who warned of a market that is fully valued.Gundlach and Dalio added their two cents for measure, espousing the need to hold GOLD as a hedge against geopolitical uncertainties. Again, it is not political uncertainty but the malfeasance of central banks that should be the concern of global investors. Deflation is the ingredient for central bank panic. As Peter Boockvar reminded his readers today: Gold is a monetary haven.
Posts Tagged ‘10-year Treasury futures’
Notes From Underground: Putting This Week In Perspective
August 10, 2017Notes From Underground: Unemployment Gains Manufacturing a Recovery
February 5, 2012The Obama administration had much to cheer as the NONFARM PAYROLL number exceeded almost all the pundits and FED‘s projections. Just before the release, CNBC analysts were in herd formation all gathered around the “BULL” of safety and predicted around a 100,000 job gain. Job gains came in at roughly 250,000 even as state and local governments continued to shed employees. Earlier, the Canadian data was tepid, but again, the Ontario manufacturing sector added jobs and is mirroring the increase in manufacturing seen in the U.S. Whether the predictors of the release are right or wrong makes no difference to traders or investors for the most important pundit is the market’s reaction.