Real Vision Finance, Released on 10/19/22

The yield on the two-year U.S. Treasury note climbed to its highest level since 2007 on Wednesday, as investors priced in the probability that the Federal Reserve will maintain a hawkish policy stance until there are meaningful signs of an easing in core inflation. The impact of higher interest rates is already being felt in key areas of the economy, such as the U.S. home mortgage market, where applications for both new purchases and refinancing have plummeted and builder sentiment has sagged to 25-year lows. Inflation in the U.K., meanwhile, reached its own 40-year peak, up 10.1% from a year ago. “King Dollar … Reign of Terror!!” is the headline on Greg Weldon’s latest market commentary, and he has a point. Weldon, the CEO of Weldon Financial, joins Maggie Lake for today’s Daily Briefing to talk about the effects of a strong U.S. dollar on markets.

Gregory Weldon is CEO of Weldon Financial and Editor of the influential newsletters “Weldon’s Money Monitor,” the “Commodity and Currency Monitor,” the” Metal Monitor,” and the “ETF Playbook.” He launched these macro-market publications, covering supply-demand fundamentals, along with technical, intermarket, and psychological insights, after building a successful career as a trader on Wall Street. Weldon has since established himself as a noted authority in the gold market as well as the global capital markets. He is the author of Gold Trading Boot Camp: How to Master the Basics and Become a Successful Commodities Investor.

  bond market, economy, Greg Weldon, interest rates, investing, markets, stock market, strong dollar, us dollar