Mid-Week Update
Bonds attempt a Comeback, Gold, USD
A quick update after the first two trading days this week has brought a bit more action than usual. Bonds have seen a rally from the start of the week, with gold & silver following suit. Under the surface, there is a sizeable equity rotation (see box below) ongoing, putting long-short equity fund performance into the spotlight this month. The parody around the potential Powell firing continues unabated, while renewed USD weakness has caught many offside.
What’s going on?
Let’s explore