The Narrative Has Flipped
As I pointed out earlier this week, the narrative has flipped, the economic data going forward is going to show weakness that accelerates to the downside. The FED over tightened and now we pay the piper. This means precious metals go higher and after today and maybe tomorrow, stocks go lower.(Sell The last Rate Hike) The FED is done hiking and when things get hairy, sooner than expected, the FED will have to cut rates. No, we aren’t going back to the old playbook of zero interest rates. That was insane Bernanke nonsense. We will go down at least 2 or 3 hundred basis points over the next year or so. https://www.challengergray.com/blog/job-cut-announcements-jump-in-august-2023-ytd-up-210/
Thanks
Ahhhh — but —- do PM STOCKS go down in sympathy with the stock market decline?
ALSO
When does it become MOST advantageous for CHINA to dump their remaining $3-5T of $US Treasuries? How fast are the other BRICS dumping same?
Excellent questions K2. Only the Shadow knows the answers.