UGL - Why Current Economic Conditions Favor Gold And The Japanese Yen
The Fed's dovish pivot may have precipitated a historic rise in equities, but history suggests that a slowing economy and inversion of the yield curve are likely a portent of a stock market correction. In lieu of contracting manufacturing PMI levels, less aggregate capital expenditures, and slowing global growth, the late stages of the business cycle are likely upon us--and I believe that it will take aggressive monetary stimulus to keep the U.S bull market alive. With less ammunition than his predecessors, Fed Chairman Jerome Powell will likely revert back to quantitative easing (after interest