by David Chapman
GoldSeek
Another wild volatile week but stock markets ended up after hitting new 52-week lows. A reversal? A technical temporary bottom is most likely in and it should be helped further with the announcement that smartphones and computers are exempt from the punishing tariffs on China. It’s an ever-changing world of tariffs. What’s on one minute is off the next.
There was so much going on that we are not putting out our usual full report this past week. We highlight the past week. A number of charts are provided, any one of which could be considered the chart of the week.
With markets tanking It sparked margin calls for big funds and the instrument of choice to dump was bonds. Bond yields rose sharply. Not what the Trump administration wants. So another reversal in the tariff wars as they announced a 90-day pause for everyone but China. Stock markets roared. But bonds stayed up as rumors came foreign central banks could be dumping U.S. bonds as well. Bond yields were down because of fear of recession.