Thomas Kuhn, CFA

This week we take a look at gold (and bitcoin) as the next themes in markets as deflation emerges but is replaced by inflation as per U.S. Fed policy.

We saw the murmurings of a turn in markets the last 10 days. After a week hinting at deflation, have markets gone as far as they will without intervention?

August saw some stability in markets with indications of a change in market conditions developing in the last week of the month.

This week we saw clear indications of inflation – bad timing during this socio-cultural breakdown. Bitcoin still trails the market.

With fiscal stimulus held up, the threat of inflation is low the last week. Digital assets have performed very strongly.

With the U.S. dollar sliding during the week we saw gold and digital assets bid. The re-orientation of expectations for the year include inflation.

This week we saw a violent confrontation between Indian and Chinese army troops, as well as an uptick in interest for decentralised finance projects.

With some strange developments in the world in 2020, we take a look at which events could emerge in markets to provide the next tangible direction.

Trader Beware! We could be entering The Twilight Zone phase of these markets. This week, we look at the US Election, the S&P 500, and Bitcoin and Money.

Between China and the United States, we are about to see the effects of the greatest expansion of debt, money, liquidity and asset purchases of all time.

A deal may have been struck in oil markets and Bitcoin, Gold and Silver traded higher. USD Treasuries were dropped by Saudi Arabia.

The US Dollar briefly hit negative yields this week. Continuing previous themes we take a look at money, and how we are rapidly approaching crunchtime in the global financial markets.