New Fedspeak Is Not Welcomed By Markets
Markets reacted to small language changes in the latest Fedspeak given after the June FOMC meeting. As long as the Fed is just talking and not doing much to change its money printing policy – which is what the U.S. Treasury 10-year yield told us last week when it dropped instead of rose – investors will seek alternative asset classes to grow their wealth and diversify. That’s why Jim recommends gold being part of your investment portfolio. Read Nomi’s commentary for her thoughts.