The Financialized Economy

As posted at Biiwii.com... This segment is excerpted from this week's Notes From the Rabbit Hole, NFTRH 329, and was originally titled... Does the US Economy and Stock Market Need…

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Market Update

Wax On (US Jobs), Wax Off (China Trade Data)

Friday’s and Today’s global markets give a clear picture of cyclical (stock markets) vs. counter-cyclical (gold).

Friday was US ‘jobs’ at +257,000, above expectations.  The stock market was positive for much of the day until it reversed.  Gold got hammered.

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