Well, this is a mess, an inflation report so bad even the Fed might actually do something about it? Hohoho, I joke of course…

Inflation way ahead of forecast and exceeding 6% on the headline number, highest in 30 years, core month-on-month accelerated to +0.6%. Yet Fed still sticks to its ‘transitory’ narrative.

Gold has blown past resistance and the path to $1,875 is clear. Stocks offered and the dollar is bid. Bonds sold off with US 10year yields jumping above 1.480%. 30 year real yields (TIPS) touched a record low -0.595%, whilst 10yr TIPS fell to I think a record low of -1.224%. Stocks are paring losses as of send time and the USD is paring gains – so far only really gold holding onto the spike with real rates the biggest loser from all of this. Well, after the Fed’s credibility.

Gold Chart 10.11.2021

Latest news

Tuesday, 27 May 2025

Indices

GOOGL Share Price Analysis: Why Alphabet Stock Is Up Today?

Tuesday, 27 May 2025

Indices

Stock market today: Hang Seng Dips, Nikkei Gains. Dow jumps

Tuesday, 27 May 2025

Indices

Morning Note: RBNZ Eases Policy; Aussie Inflation Surprises; Tesla Struggles in Europe

Monday, 26 May 2025

Indices

Morning Note: Gold Awaits Fed Clues; Japan Fiscal Strain; SNB Hints More Cuts