Geopolitical Chaos Slams Stocks As Traders Flood Into Safe-Havens

Posted on August 12, 2019 4:08 pm

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With ‘everyone’ on vacation, geopolitical chaos drove risk-off today

China trade war

Hong Kong revolt

PLA buildup

German recession


Epstein farce

Argentina’s ARS pounded

Kashmir chaos

Russian nuke explosion

Iran tanker safari

Sending gold above stocks for the year…

Source: Bloomberg

And since Powell’s “mid-cycle adjustment”, gold and bonds are the big winner…