Powell: “We’re not even thinking about raising interest rates ...”

hank

Happened to catch the Jay Powell news conference post Fed meet today. The Fed Chair seemed very downcast on prospects for the economy - perhaps more so over the high unemployment rate and some recent downward pressure on wages. Both the bond people and the gold people liked that. Why both took comfort - pray do tell - since they would seem to be dealing from opposite sides of the table. Gold tacked on about $10. Miners barely moved. VanEck Vectors Gold Miners ETF (GDX) was up fractionally. The afternoon 2-year treasury rate at .24% (last glance) is an eye-opener.

* As I noted elsewhere, I vacated my position in OPGSX today. I do expect gold to go well over $2,000 - but I don’t invest based solely on hunches.

Crash

Yes, TRP just sent me a thing with a video briefly talking about why credit will do well, until the picture changes substantially.

msf

Is this the video? It's dated July 8th, so it may be something older than what you received.
https://www.troweprice.com/institutional/us/en/insights/articles/2020/q3/four-reasons-credit-is-attractive-now-na.html

Crash

Yes, that's the one. Although "Safari can't open that page." Because, I suppose, TRP doesn't want non-clients to benefit from it. But after listening, it's simply a re-hash of what's been mentioned HERE in different ways, a million times.