Goldilocks backdrop persists We expected a summer cool down in the inflation trades. We expected that to be reflected in a temporary Goldilocks environment (not
NFTRH 663 is loaded with valuable information for this very moment in time because we are at a macro decision point and only work done
Gold is okay, but not yet unique There are times when gold is an okay inflation hedge, while under-performing the likes of industrial metals, oil/energy,
USD drops as a tepid May Payrolls report eases inflation fears further May payrolls expanded, but not as much as anticipated. Click graphic, get report
To maintain the inflation, a cooling of inflation was needed That is one of those Alice in Wonderland-like statements, like the one I’ve got tattooed
Calls for funding US chip production The market will show me to be wrong if the likes of AMAT and LRCX break down. I hold
All in the service to playing a game of ‘Hide the [inflationary] Cheese’… April’s expected hiring boom goes bust as nonfarm payroll gain falls well
Cost-push inflation could break out (and a note on gold) Before beginning the post a little context is in order. We (NFTRH) anticipated the current
US now finds itself on outside of two massive Asia-Pacific blocs From Nikkei Asia: Five RCEP takeaways: Asia cements grip as free trade torchbearer In
China’s Politburo is not sitting idly by while Trump pushes them around. From the Nikkei Asian Review… Why China’s ‘dual circulation’ plan is bad news
In Friday’s post about the Stock/Economy Pumper-in-Chief we also noted regarding economic ‘experts’ AKA economists: Of course the ‘experts’ were wrong. They are usually wrong.
…but today he’s vigorously pumping the Jobs number. His Twitter is littered with the stuff. What a spam artist. Of course the ‘experts’ were wrong.