An unemployment report triggered the Sahm Rule I've been warning about, causing global markets to panic and brace for a potential US economic collapse.
As we said last week: “Rate cut or not, what happens after will not be as expected or intended.” There has been no announcement yet, but the bond market is acting as if it is a done deal.
The S&P 500 plunged this past week...Wall Street saw a massive rotation out of technology and growth stocks and into defensive sectors including utilities, consumer staples, and gold.
Rate cuts might not be the salvation markets think they will be. Three of the worst sell-offs post WW2 have been preceded by rate cuts. Other sell-offs saw later cuts.
The BIS' constant trading in gold swaps is perhaps the best proof that surreptitious gold market manipulation by at least one central bank continues as a matter of policy.
