Gold Pukes To Powell-Lows, Bonds Battered

As the market prices out a dovish Fed, bonds and bullion have puked all the post-Powell gains as stocks melt-up continues…

The market is now pricing in just one rate-cut until the end of 2020…

Source: Bloomberg

And that has sparked panic-selling in gold…

And it’s not just gold, bond prices have plunged back below Powell lows…

Because investors seem convinced The Fed is done with its dovishness? Because it will just keep printing money every day to solve the ‘transitory’ liquidity issues?