Stocks And Precious Metals - Approaching Recession
Just a quick note for the end of the week.
Risk assets rallied today when the inflation data this morning was seen as benign.
This is seen as opening the door for more Fed rate cuts.
How is it that we are able to get inflation data, but not employment statistics with the government shutdown?
The markets are broadly discounting the approaching recession and intensifying geopolitical risks.
Have a pleasant weekend.
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