Gold Gains As Stocks Sink After Trump Turmoil, Fed Fearmongering [zero hedge]
National Security Group, Inc. (NSEC)
US:NASDAQ Investor Relations:
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Source: zero hedge
Gold Gains As Stocks Sink After Trump Turmoil, Fed FearmongeringShitty day for Housing Recovery enthusiasts, the Trump administration, and Fed followers...Stock actually ended the day higher thanks to the overnight bid and panic squeeze at the open but the theme of the day was simple - Trump is in trouble (agenda on the rocks) and The Fed is explicitly warning about bubbles...VIX ended the day lower but once again it was a game of two halves (NOTE Russell 2000 'VIX' was higher on the day)...AAPL pushed to new record highs as the great rotation from FANG stocks continues...The Dollar was dumped and bond yields tumbled after Trump and accelerated after The Fed...With the AMZN issue out of the way, selling pressure lifts on bonds and today's turmoil put a bid under prices...The Dollar Index erased most of its gains from the last two days...Flows swung toward risk-off after U.S. Vice President Pence dialed up the rhetoric, saying North Korea must permanently abandon its nuclear ambitions.
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