A blockbuster auction just coming just two days before Powell's Jackson Hole webcast, indicates that virtually nobody has any concerns about a hawkish surprise out of the Fed.
The strong rally in Apple saw an abnormally strong "vol up-spot up" dynamic, that, over the past 10yrs, has almost never before been displayed to the same degree.
"That’s why the markets can listen to narratives that all is bad/good now and that all will be good/bad in mere months and just keep rallying anyway – because the narrative is being set elsewhere. "
Real Vision senior editor Ash Bennington hosts managing editor Ed Harrison to make sense of a series of financial news stories -- from the so-called “K-shaped”…
"Ironically, I think the general public “gets it”. But our political leadership seems unwilling to fundamentally rethink the role of monetary policy in our economy."
"Gold hedges our clients against two scenarios: a weaker US dollar and the debasement of all currencies (the dollar declines and so do other currencies)..."