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Friday, March 29, 2024

Stocks, Bond Yields Tumble; Gold Jumps After Trump Election-Delay Tweet

Courtesy of ZeroHedge View original post here.

Markets hate "uncertainty" as the tired old phrase goes but after yesterday's Fed meeting basically confirmed Powell is out of ammo for anything super-enthusiastic, this morning's tweet by President Trump raising the specter of delaying the election has sent stocks and bond yields reeling and gold higher…

Stocks are rapidly extending overnight losses…

Treasury yields are pushing to new record lows…

And gold is lifting…

As the dollar is dumped…

Get back to work Mr.Powell!

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