Crypto Weakness, Gold Strength, and a Lame-Duck Fed: What’s Driving Markets Now
is now at a 7-month low and has declined this year. The decline in cryptocurrencies may be a “canary in the coal mine” warning about impending worldwide deflation. On the other hand, remains very firm, so it is possible that crypto investors may be shifting to gold.
cited a lack of storms for its disappointing quarterly report. This is the fourth quarter in a row that Home Depot has missed analyst estimates. I think it is safe to conclude that the housing market remains depressed and can only be shored up by another Fed key interest rate cut.
Of course, before the end of the year, President Trump will nominate a new Fed Chairman, effectively making current Fed Chairman Jerome Powell a lame duck. A new, more pro-business Fed…
