Aug. 23 at 7:39 PM
$TLT $GDX $MNRS
BofA's Hartnett: Yield curve control imminent, gold and cryptocurrencies becoming "defensive weapons"
.....
"Behind the market's desire for a rate cut by the Federal Reserve lies the real pressure on US finances. Data shows that the average maturity of US Treasury bonds is 5-6 years. In order to stabilize the annual interest payments of up to
$1.2 trillion, the yield on 5-year US Treasury bonds needs to fall below 3.1%. This provides a strong incentive for the Federal Reserve to pursue loose policies, even eventually implementing Yield Curve Control, and reinforces the market's expectations for rate cuts.
Gold and Cryptocurrencies: New "safe havens" for portfolios
In the trend of dollar devaluation, Hartnett believes that gold, cryptocurrencies, commodities, and emerging markets will be the biggest winners, as investors actively seek tools to hedge against inflation and dollar devaluation.
more
https://www.gmt8press.com/content/detail/297442
