DOVE Alert! S&P 500, Gold, Bitcoin Rise After Powell Goes Full DOVE, UST 10Y Yield Falls

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by confoundedinterest17

Well, I was expecting a little more guidance than Fed Chair Powell gave today at the J-Hole conference. In fact, failing to give a hard date on paring back the balance sheet and raising rates is downright dovish. A regrettable incident.

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As a result of Powell’s dovish talk, GOLD, BITCOIN and the S&P500 index rose.

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The S&P 500 index rose almost 1% today while the 10Y Treasury yield dropped 4 bps.

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