Jul 26, 2021
The markets were slammed on Monday but have totally rebounded. Rates have been crashing, however Jim believes that they’re going higher in the next 3-6 months. How much higher is the question. If the economy continues its growth track, the Fed will allow them to go higher. The 10 year would have to get close to 2.5% for the Fed to start buying up treasuries. Watch out for 3.5% inflation in the coming year. Markets will start doubting Powell’s transitory inflation meme. Wall Street will always toe the Fed’s line, this time is no exception. The next month is critical for gold and gold stocks.