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So biggest casualty of #Fed warning on #US #economy y'day, was #Gold,which dropped 3% to $1951.90 an ounce,within minutes of #FedMinutes
Silver too fell below $28
Rout was not limited to precious metals--#Nasdaq sold off despite #Apple hitting $2 trillion market cap
#Covid_19
Silver too fell below $28
Rout was not limited to precious metals--#Nasdaq sold off despite #Apple hitting $2 trillion market cap
#Covid_19
#CrudeOil whipsawed in tight range with #WTI at $42.83
#Fed's take on economic downturn was nothing new&yet markets collapsed
Only asset which saw aggressive buying was US #Tbills,with 10 yr #bond #yield@ 0.665% Vs previous close of 0.685%
#Dollar had its best day in 2 months
#Fed's take on economic downturn was nothing new&yet markets collapsed
Only asset which saw aggressive buying was US #Tbills,with 10 yr #bond #yield@ 0.665% Vs previous close of 0.685%
#Dollar had its best day in 2 months
So what does y'day's frenzied buying in #bonds indicate?Is the #RiskOn trade over?
Well,not quite--With $9 trillion of excess global #liquidity sloshing around due to coordinated Central Bank rate cuts,since #Covid_19, equities will move up,albeit with severe bouts of volatility
Well,not quite--With $9 trillion of excess global #liquidity sloshing around due to coordinated Central Bank rate cuts,since #Covid_19, equities will move up,albeit with severe bouts of volatility
