Danger! Synchronized Swimming

Granted, deciphering and assigning causation across such an immediate timeframe is more chance than skill, it will undoubtedly become the $64,000 question across a much longer timeframe, if our suspicion that inflation rises faster than the pace of rate hikes is realized. While the immediate influence on gold and the US dollar is more tail than dog – as the data is obviously viewed in the prism of a rearview mirror, the longer-term impacts on equities and bonds has yet to be felt.