Founders: Special Powell comment

Market update.

CPI came in very soft today.

Gold and silver rallied nicely.

Bonds even rallied.

Stocks were soft, barely budging higher.

Then things reversed.

Stocks went negative, bonds gave back some of their gains, and gold softened just a bit.

Overall, the market behavior was extremely logical today for a change. Everything that you’d expect to rally on a soft CPI did …