Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
Gold and Silver Surge as Safe Haven Demand Rises on U.S. Economic Uncertainty 
Oil Prices Steady in Asia but Headed for Weekly Loss on Supply Glut Concerns 
FxWirePro: Daily Commodity Tracker - 21st March, 2022 
U.S. Stock Futures Slip After CPI-Fueled Rally as Markets Weigh Economic Uncertainty 
RBA Unlikely to Cut Interest Rates in 2026 as Inflation Pressures Persist, Says Westpac 
Kevin Hassett Says Inflation Is Below Target, Backs Trump’s Call for Rate Cuts 
Chinese Robotaxi Stocks Rally as Tesla Boosts Autonomous Driving Optimism 
Austan Goolsbee Signals Potential for More Fed Rate Cuts as Inflation Shows Improvement 
Canada Signals Delay in US Tariff Deal as Talks Shift to USMCA Review 
As the U.S. economic and foreign policies decouple from the rest of the world (President Trump’s stance on Jerusalem, NATO, Iran nuclear Agreement, Trans-Pacific Partnership, Paris Climate Accord), so do its economy and financial markets. After decades of globalist policies, under president Trump, it has taken a sharp turn towards nationalism and protectionism.
So far, it has been working out fine for the United States. U.S. economic growth hit 4.2 percent last quarter and Fed’s ‘GDP Now’ data shows that it was not a one-time event. The next quarter could be even better. This comes at a time when Europe is still struggling and weakness is visible in many emerging market economies.
Similarly, U.S. financial markets have been decoupling from the rest of the world. So far in 2018, the U.S. benchmark stock index has returned +8.3 percent, whereas India’s nifty has returned +5.1 percent, Nikkei has returned +1.9 percent, Eurostoxx50 has returned -2.3 percent, same as FTSE100, and China’s benchmark CSI300 has returned -17.4 percent. This might seem just another outperformance, the trend is becoming more and more visible. And we believe that it is here to stay.
