Impeachment Scare? Gold Spikes As Stocks & Bond Yields Extend Drop
The S&P is back to post-Powell lows (before his QE4 hint) following weak macro data, Trump’s China comments, and increasing likeliness of a Trump impeachment proceeding. Bonds and bullion are bid…
Nasdaq and Small Caps are testing their 50-day moving-average…
30Y Yields are tumbling…
Source: Bloomberg
And gold is soaring…
Since Jay Powell dropped his rate-cut promises, things are not going well…
Tyler Durden
Tue, 09/24/2019 – 12:37
via ZeroHedge News https://ift.tt/2mVlWS8 Tyler Durden