via jugglingdynamite:
Stephanie Pomboy, founder and president of Macro Mavens, sits down with Grant Williams to discuss her global outlook after the Fed’s recent course-reversal. Pomboy and Williams take a deep dive into the significance of the gaps between various economic indicators, and discuss the implications for capital markets, retirement accounts and pensions. They also touch on associated topics such as corporate buybacks, China, cryptocurrencies, and gold. Here is a direct video link.
As for their closing discusion on gold, I refer readers to my article A word to the gold bugsfor my thoughts on the topic.
As the US Fed removed ‘patient’ from its statement yesterday, and odds increase for a first rate cut in July, Sven Henrich’s tweet this morning is on point.
Fun historic fact:
Every single time the Fed cut rates when unemployment was below 4% a recession immediately ensued & unemployment shot to 6%-7%.
Again: Every. single. time. pic.twitter.com/OyV8lNkRwz— Sven Henrich (@NorthmanTrader) June 19, 2019