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Richard’s Thoughts on Bonds and Inflation

Daily Recap

US stocks moved solidly higher before the weekend, brushing aside a lower than expected GDP report (+2.6% vs. 3% expected) and the remaining confusion on what the Trump administration wants to see from the dollar. The Asia Dow was essentially unchanged, with Chinese shares rising but most other markets drifting lower. The STOXX 600 was up 0.50%, as major European exchanges were all higher.  

The US dollar isn't done falling, and the market senses that; once more, the US dollar index sold off – down 0.34% to finish at 89.10. That didn't help the precious metals much, but gold was up $1 and silver gained 11 cents; platinum fell $3/oz. XAU and GDXJ followed stocks and gold higher, gaining 0.45% and 1.09%, respectively. Copper again fell – down 2 cents, but crude oil again rose – up 1% to $66.45/bbl.

Government bonds were mostly lower. In the US, the 10-year ... Log in or subscribe to continue reading.

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