Stocks, Bond Yields Tumble; Gold Jumps After Trump Election-Delay Tweet
Tyler Durden
Thu, 07/30/2020 – 09:04
Markets hate “uncertainty” as the tired old phrase goes but after yesterday’s Fed meeting basically confirmed Powell is out of ammo for anything super-enthusiastic, this morning’s tweet by President Trump raising the specter of delaying the election has sent stocks and bond yields reeling and gold higher…
Stocks are rapidly extending overnight losses…
Treasury yields are pushing to new record lows…
And gold is lifting…
As the dollar is dumped…
Get back to work Mr.Powell!
Zero Hedge’s mission is to widen the scope of financial, economic and political information available to the professional investing public, to skeptically examine and, where necessary, attack the flaccid institution that financial journalism has become, to liberate oppressed knowledge, to provide analysis uninhibited by political constraint and to facilitate information’s unending quest for freedom. Visit https://www.zerohedge.com