Loading ...About those rates, you could be right, natural market forces are about to take over and the Fed is trying to get out in front by raising. What would cause a bond market selloff? I’d think the Saudi’s dumping UST’s would create havoc.
I guess the other theory might be that the Fed is trying to raise now knowing full well they’ll have to cut later and do more QE and take rates negative.
Hard to say, but either scenario could ultimately be good for gold.
The stock market was surprisingly week yesterday, I kept wondering when the VIX smash, DOW rally would show up and it never did. Hard to see the Fed raising if this selloff gains strength and loses another 5-10%. I guess we’ll see.