Courtesy of ZeroHedge View original post here.
As the market prices out a dovish Fed, bonds and bullion have puked all the post-Powell gains as stocks melt-up continues…
The market is now pricing in just one rate-cut until the end of 2020…
Source: Bloomberg
And that has sparked panic-selling in gold…
Silver is worse, back below the Powell lows…
And it’s not just precious metals, bond prices have plunged back below Powell lows…
Because investors seem convinced The Fed is done with its dovishness? Because it will just keep printing money every day to solve the ‘transitory’ liquidity issues?