Dollar Crashes To 18-Month Lows After Trump Tantrum; Bitcoin & Gold Hit Record Highs

US stocks ended marginally lower Friday but down around 2% for the week as investors have been digesting a Moody's downgrade of US debt late last Friday, the House's passage of a budget bill that could further increase the Federal deficit, a slew of retailer earnings that suggest (for the most part) that the US consumer has been so-far undaunted by tariff uncertainties, and today's social media post from President Trump indicating that the EU could be hit with a much higher import tariff rate as soon as the end of next week if trade negotiations fail.

'Soft' Data rebounded significantly this week as 'hard' data remained resilient...