Investors have become accustomed to the periodic stampede of traders in markets where the narrative of “China-US trade war” has gone viral. The “truce” has ignited risk-on, and also fuelled speculation that the Fed will go easy on rate cuts.
This may well be the last such stampede – either in risk-on or risk-off direction – under the influence of China trade news, before Election Day. Investors concerned about US monetary inflation, for example, have less to fear now about their protective trades being upset by a stampede.
Analysis here suggests that gold should gain, and the euro lose from a combination of economic, political and geo-political factors, between now and Election Day.
Whoever wins, the White House disenchantment with the tech sector is set to deepen.
US monetary risks stacked in inflationary direction
Gold shines in corrupted monetary environment
Viral China-US trade war scare now dying
President Trump’s “peace in our time deals”
Anti-trust attack on Big Tech and beyond
Over-digitalization has reduced prosperity
Dollar hegemony and the euro after Election Day
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