Gold Is Getting Monkeyhammered As Dollar & Bond Yields Spike

Gold Is Getting Monkeyhammered As Dollar & Bond Yields Spike

This morning’s better-than-expected retail sales data and worse-than-expected labor market data has sparked some significant moves away from stocks.

The dollar is roaring higher – tagging high stops from last week (is good retail sales news hawkish for Fed taper?)…

Bond yields are spiking along with it – similar theme as they run stops on hawkish taper context…

And as the dollar spikes, gold is getting clubbed like a baby seal…

And finally, stocks initial surge on the ‘good news’ has faded into the red…

…taper tantrum-ette?

 

 

 

 

 

Tyler Durden
Thu, 09/16/2021 – 09:58

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