Markets Agree With Trump, Not Warsh

James Foord Investing Group Leader Follow Summary Warsh's Jackson Hole speech raised September hike odds, but the bond market remains unconvinced, signaling skepticism about the Fed's credibility. Long-term yields continue rising, with the 10-year at 4.8% and the 30-year near 5.28%, indicating markets expect inflation to remain above target. Political pressure from the President for lower rates and Board composition changes may limit the Fed's hawkish resolve and influence future policy. I see a buyable dip in Gold, Bitcoin, and AI stocks, with volatility persisting short-term but a likely path toward easing and asset reflation longer-term. This idea was discussed in more depth with members of my private investing community, The Pragmatic Investor. Learn More » PM Images/DigitalVision via Getty Images Thesis Summary Kevin Warsh's Jackson Hole keynote pushed September hike odds from about 35% to roughly 57% on the day, and they now sit at around 65% this week. But many investors did not believe him, and that’s clear from the This article was written by James Foord 29.59K Followers Follow James Foord is an economist by trade and has been analyzing global markets for the past decade. He leads the investing group The Pragmatic Investor where the focus is on building robust and truly diversified portfolios that will continually preserve and increase wealth. The Pragmatic Investor covers global macro, international equities, commodities, tech and cryptocurrencies and is designed to guide investors of all levels in their journey. Features include a The Pragmatic Investor Portfolio, weekly market update newsletter, actionable trades, technical analysis, and a chat room. Learn more. Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.