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Dovish Fed & Dismal Job-Revisions Send Bonds, Big-Tech, Bitcoin, & Bullion Higher
Bad news' - a record downward revision in payrolls - combined with a strongly 'dovish' bias to the FOMC Minutes sent rate-cut expectations soaring today... chart ...dominated by 2024 dovishness - dramatically more than The Fed's single-cut expectation... chart ..and that sparked a buying-panic in bonds, bitcoin, stocks, and gold (but the dollar and crude tumbled). Stocks and bonds are (arguably) disagreeing... chart Stocks initially surged on the BLS bad news and Dovish Fed, but some reality started to set in again that 'growth scares' are real enough to have prompted The Fed to consider a July cut and now a ... (full story)
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- Posted: Aug 21, 2024 9:19pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 4,587
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