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Nvidia & NikiLeaks Spark Surge In Stocks, Gold, & Crypto This Week
An event-full week (US CPI, US PPI, Presidential debate, ECB rate decision, and WSJ Fed whispers) left stocks, bonds, gold, crypto, and crude all higher in price, while the dollar was clubbed like a baby seal. Soft survey data continues to rebound higher (full of hope) while hard data - most notably labor market-related - has been significantly lagging expectations... chart ...which, along with comments from The Wall Street Journal's Fed-Whisperer (NikiLeaks) on discussions about a 50bps cut next week, sent rate-cut expectations higher on the week (despite plenty of chop around the hotter-than-expected core CPI ... (full story)