President Trump Pumps Market With Trade Talks As Stocks Move Higher And Gold Price Lower

October 29, 2019

Sue Trinh, Managing Director of global macro strategy at Manulife Investment Management, speaking on Bloomberg. She had some interesting comments regarding the current market structure, in the shadow of the FED, which is expected to drop rates yet again.

Ms Trinh sees boosts in asset prices not translating into any real uptick in the real economy.  She also sees some cracks in the one bright spark that is the US consumer. She points to lower US job openings in addition to demand for labour slowing – a very worrying sign she says.

The Manulife portfolio manager also casts doubt on the purveying narrative that the consumer will come to the rescue and drive the economy. Reading between the lines one can see the concern that exists out there. Monetary printing has run its course, the markets are utterly disconnected from the economic realities (global trade tensions, societal upheaval and distressed consumers).

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Mark O'Byrne is executive and research director of www.GoldCore.com which he founded in 2003. GoldCore have become one of the leading gold brokers in the world and have over 4,000 clients in over 40 countries and with over $200 million in assets under management and storage.We offer mass affluent, HNW, UHNW and institutional investors including family offices, gold, silver, platinum and palladium bullion in London, Zurich, Singapore, Hong Kong, Dubai and Perth. 

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