comments from Treas. Sec. Bessent were solid that market was hooked on govt spending which requires detoxing as we saw this morning as NFP of 155K was from pvt. sector only while the growth in govt. jobs would be null. ..!
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fed left the rates unchanged
2 yr rates drop slightly to catch up further explained by the chief that market has moved ahead raising rates and not waiting for fed action...
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Gold reaches all time high indicating inflation in future; so why are we expecting Fed to cut rates ..?
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GDP & Nuclear warheads of various nations : Russia 2.714T 5,500 India 3.9T 180 China 18.74T ...
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Market is expecting and is addicted to rate cuts .. despite the fact that unemployment % is only 4.3% ..! moreover, both stocks and gold is ...
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