Stocks Sink, 10-Year Yield Reclaims 5% as Warsh Delivers His Hawkish Show
The Dow fell more than 1% and gold swung nearly three points as the new Fed chair reiterated fight against inflation.
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Imagine if GLD eclipsed SPY. China just experienced that exact ETF reversal, redefining what constitutes financial security for its investors.
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The Dow fell more than 1% and gold swung nearly three points as the new Fed chair reiterated fight against inflation.
The FOMC hiked interest by 25 basis points to 3.75%-4.00% during its September meeting, marking the first increase since 2023.
Gary Black said a 25-basis-point Fed hike, if positioned as 'one-and-done' could push yields lower and be better for stocks.
Gold averaged a 6.1% gain in the 12 months after the first Fed hike, but was positive just 40% of the time after one month.
Why Treasuries offer no real return: Peter Schiff breaks down rising national debt, stagflation, and the commodities refuge.
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