Marc Chandler, Managing Partner at Bannockburn Global ForEx and Editor of Marc To Market joins us to recap a jam-packed week filled with significant financial news including US tariffs, economic data from the US, President Trump’s address to Congress, Federal Reserve Chairman Powell’s comments, and a substantial decline in the US dollar’s value.
The discussion covers the impact of tariffs on US growth and economic sentiment, highlighting the uncertainty creeping into markets and a ‘growth scare’ that affected the stock market and bond yields. Marc also delves into European financial reactions fueled by the US’s stance on EU security issues, leading to increased military spending and resulting in rising European bond yields.
The conversation extends to Fed policies considering Powell’s recent statements and the market’s expectations on rate cuts.
Additionally, we explore gold and other precious metals, factors driving their demand, and the broader economic implications. We also touch on cryptocurrencies, especially Bitcoin, analyzing their volatility, speculative nature, and detailed discussion on the US government’s creating a strategic reserve filled with confiscated crypto assets.