President Trump wasted little time last Wednesday sarcastically thanking “clueless” Jay Powell and the Federal Reserve for the “CRAZY INVERTED YIELD CURVE” (his emphasis). Trump and the investment…
Highlights Disappointing economic data outside the U.S. and the inversion of the 2-year/10-year portion of the Treasury curve have overshadowed positive developments on the trade front. Global growth should improve later this year,…
Highlights Chart 1Keep Tracking The CRB / Gold Ratio The Fed cut rates by 25 basis points last week, a move that Chairman Powell described as an “insurance” cut meant to counter the risks from trade tensions and…