AUTHOR
Mick Weinstein
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The Fed, not prospect for US-China trade, is powering the stock market
Money managers are turning dour on the economy, based on the latest BofA poll. Yet market sentiment has not reached extremes.
It appears the US is on the path to completing trade deals with the largest countries in the world which will change the terms of trade between the respective areas. And then there was the signing of the Genius Act.
Gold saw a significant turning point in October, with the spot price rising 7.32% in the US$/oz, the largest monthly gain since March 2023.