2024-05-20 09:22:45 ET
Summary
- The process of deglobalization is accelerating, and China is dumping US Treasury Bonds.
- Metal prices, including gold and copper, are spiking to record highs, indicating an unfolding deglobalization-induced inflationary shock.
- The US stock market is in the euphoria stage, but it's facing a recessionary bear market.
The news of the week
What was the news of the week, last week? The S&P500 ( SP500 ) breaks out to new all-time highs above the 5,300 level? The Dow Jones ( DIA ) closes above the 40,000 level for the first time? The CPI inflation shows some cooling ?...
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The Inflationary Spike Unfolding While China Dumps Treasuries