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Today on the Brief:
- More bad news from jobless claims and the GDP
- The big tech hearing was a whole bunch of nothing; watch TikTok instead
- Robinhood dives into Kodak (but so do illegal insider traders)
Our main conversation is with independent bond strategist George Goncalves.
- How the bond market watches Federal Reserve meetings
- What, if anything, was new about this week’s FOMC meeting
- What it means that the bond market and equities market tell different stories
- Why the bond market has been telling a long-term story of slowing growth
- Whether institutional investors are actually moving away from government debt and into gold
- Why Judy Shelton should have a place on the Federal Reserve
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