Trump 2.0 Sparks Best January For Gold In A Decade; Bonds, Bitcoin, & Big-Tech Bounce-Back

January looked like a goldilocks month for macro data with 'growth' data surprising to the upside, and 'inflation' data surprising to the downside (even though today's PCE was more 'sticky' than many hoped for). But, as Apollo Global’s Chief Economist Torsten Slok commented on inflation under the headline “The US Economy Is Strong” concluding that "the narrative that the economy is slowing and inflation is moving down to 2% is wrong.”

Source: Bloomberg