Inflation has risen in three of the last four months and is slightly higher than it was a year ago. Yet you wouldn’t know it from listening to President Donald Trump or even some of the inflation fighters at the Federal Reserve who have dismissed or even downplayed inflation.
There is some rational market behavior. Look to the skyrocketing price of assets like gold. A significant part of the market recognizes that something is very wrong. Gold isn’t supposed to skyrocket while the stock market is generally improving. This reflects a significant fall in investor confidence.
it suggests dumb emotional traders are buying gold when it’s overpriced, gold insiders will sell enmasse sooner or later