RE: Always darkest before the dawn...1 Jul 2022 21:48
Brucey Bonkers...
Keep your eyes on the 2-10 yield curves of EU and US, stagflation will result in the bond safe haven trade, yields will fall making it impossible for CB's to raise rates to any where they need to be match inflation. Probably not many will agree with me at the moment but I see the TNX going sub 1.5% by this time next year, which will force the fed to reverse QT and embark on even more QE, europe will follow the fed, they always do.
Or they'll do nothing and finally settle for letting nature take it's course, like they should have done since 2009.
Ps... It was the TNX going to sub 0.80 which gave gold it's leg up to 2200 in 2020