Home impeachment Impeachment Scare? Gold Spikes As Stocks & Bond Yields Extend Drop

Impeachment Scare? Gold Spikes As Stocks & Bond Yields Extend Drop

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The S&P is back to post-Powell lows (before his QE4 hint) following weak macro data, Trump’s China comments, and increasing likeliness of a Trump impeachment proceeding. Bonds and bullion are bid…

Nasdaq and Small Caps are testing their 50-day moving-average…

30Y Yields are tumbling…

Source: Bloomberg

And gold is soaring…

Since Jay Powell dropped his rate-cut promises, things are not going well…