Subscriber's Comment - Gold continues to firm on deficit worries, LME Metals break higher on Russian sanctions, stock market sensitivity to higher rates signal mean reversion
Jeffrey Gundlach’s Macro and Market Update in “Cave People” Webcast – This presentation may be of interest. Here is a section from an article quoting it:
The administration just forecast a 6.1% deficit (as a percentage of GDP) for 2025. With the deficit already at 6.3%, he said that forecast is “scary,” since we are supposed to be in an expansion, when d…