It is the 17th of September 2019

Gold Tops Bonds, Stocks In Week When Fed Crushed Economic Growth Hopes

Cheer Up Janet...

 

On the week, gold beat bonds, stocks, and commodities (but silver beat gold)..

 

And reflecting The Fed's policy error/downgrade, the Treasury yield curve plunged this week - down the most in over 2 months... (along with the USD Index)

 

On the week, Small Caps outperformed (on the big squeeze from fed to Thursday open)...Ugly close though...

 

Post-fed, bonds and stocks ended exactly equal -just ahead of gold...

 

Macro data was all ugly...

 

Treasuries rallied  with yields tumbling post Fed (and notably flattening)...

 

The Treasury yield curve flattened and Financials dropped...

 

Oh and The BoJ's move to steepen the curve to help banks has failed miserably...

 

The USD Index ended the week lower despite rallying back from the post-Fed dump...

 

As Art Cashin noted "I am surprised at the gullibility of traders in the oil pits" as oil spiked on rumors and dumped again on news... PMs just drifted higher all week...

 

And gold soared (2.2%) most in 5 months this week and silver spiked around 5% (most since Brexit)

 

Charts: Bloomberg

Bonus Chart: Probably Nothing Still...

==> Source: http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2016/09/23/20160923_EOD1.jpg

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