Stocks were fristly down on Monday, as market was again dealing with uncertainty, as there were talk by Trump who want someone who will replace Powell, who will more likely to cut rates. But if the Fed’s independence comes into question, it could seriously shake investor confidence. Trust in the system is already under pressure, especially with tariffs and Trump’s growing involvement across the board.
But apparently, Trump is taking a step back after saying he’s not looking to get rid of Powell, and interestingly, stocks have started to recover despite investors being unsure when or if the Fed might cut rates. At the same time, the US dollar has also bounced, showing that the positive correlation between the dollar and stocks is still holding. At the same time gold soared to new highs but its now reversing. Is time for a pause and maybe is Silver going to be next mover?
More about gold, silver and other markets in webinar below.
Grega
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