Impeachment Scare? Gold Spikes As Stocks & Bond Yields Extend Drop

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

Leave a Reply

Your email address will not be published.